If you'd like to get contact with us, please send an email to info@maaden.com.sa or you can contact one of our offices below:

SAUDI ARABIAN MINING COMPANY

Head Office - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8000
Fax: +966 (0) 11 874 8300
info@maaden.com.sa
Procurement - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8096
Fax: +966 (0) 11 874 84444
srm@maaden.com.sa
Public & Media Affairs - Riyadh
P.O. Box 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8409
Fax: +966 (0) 11 874 8057
media@maaden.com.sa
Jeddah
P.O. Box 13784 Jeddah 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
Al Khobar
P.O. Box 32001 Al Khobar 31952
Kingdom of Saudi Arabia
Tel: +966 (0) 13 811 1970
Fax: +966 (0) 13 811 1964
Jubail
P.O. BOX 11110 Jubail 31961
Kingdom of Saudi Arabia
Tel: +966 (0) 13 347 3333
Fax: +966 (0) 13 347 5682
Investor Relation - Riyadh
P.O BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8123
Fax: +966 (0) 11 874 8132
invest@maaden.com.sa

STRATEGIC BUSINESS UNITS - SBU

Aluminium - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Fax: +966 (0) 11 874 8187
aluminiumsales@maaden.com.sa
Phosphate - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8329
mktg-online@maaden.com.sa
Gold - Jeddah
P.O BOX 13784 Riyadh 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
About Image

Saudi Arabian Mining Company (“Ma’aden”) signs a ground-breaking SAR 9 billion Shariah Compliant Syndicated Revolving Credit Facility

Dec 18, 2012

Riyadh, 18 December 2012: Saudi Arabian Mining Company (“Ma’aden”), Saudi Arabia’s leading mining company, signed a landmark SAR 9 billion Syndicated Revolving Facility today in Riyadh. This is the largest SAR-denominated revolving credit facility, the largest single-tranche syndicated corporate loan financing, and the second-largest syndicated SAR corporate loan financing ever concluded in Saudi Arabia.

The company was originally exploring a facility size of up to SAR 7 billion, but following an overwhelming response by the bank market, the management decided to upsize the facility to SAR 9 billion to accommodate the demand from the banks and also to further increase Ma'aden's financing flexibility. A syndicate of 11 local and international banks participated in the revolving credit facility, generating initial commitments exceeding SAR 17 billion (an oversubscription of almost 2.5x as compared to the originally targeted facility size). The unprecedented response from leading financial institutions underscores the fundamental strength of Ma’aden and highlights the market’s confidence in the company’s strategy as it embarks on supporting the diversification of the Kingdom’s economy.

"We are very pleased with the outcome of this transaction, particularly that the company was able to achieve very competitive terms despite a busy financing calendar. It is testament to the bank market’s confidence in the company and its ability to deliver on its growth strategy. Going forward, Ma’aden will be looking to further diversify its financing sources to support our growth plans in the medium to long term and to optimize our sources and costs of funding", Khalid Al-Mudaifer, President and CEO of Ma’aden commented.

“Today marks an important step for Ma’aden in the execution of our funding strategy. We are particularly proud of the level of support that we have received from the financial community. This support provides us with the flexibility we need to move forward on a number of investment plans across our diverse portfolio.” said Khalid Al Rowais, Vice President of Finance for Ma’aden.

For further information please contact:

Mr. Bander M. Al-Aida
Section Head, Media Relations

E: media@maaden.com.sa

MEDIA CONTACTS

Mr. Bander M. Al-Aida

Section Head, Media Relations

media@maaden.com.sa

Annual Report 2014

Annual Report
Last Footer Border