18 December 2012
Further to the Companys announcement on 12/07/1433h corresponding to (02/06/2012G) Saudi Arabian Mining Company (Maaden) announces that it has signed today at Maadens Head Quarter in Riyadh, SAR 9 billion (USD 2,400 million) Murabaha revolver loan with a tenur of 5 years.
The subscribing banks are: National Commercial Bank, Samba Financial Group, Banque Saudi Fransi, Riyad Bank, Saudi British Bank (SABB), Al Rajhi Bank, Bank Al Jazeera, JP Morgan Chase, Arab National Bank, Bank Al Bilad, Saudi Investment Bank .
The company increased the loan amount from SAR 7 billion to SAR 9 billion, to give the company more Flexibility to finance the future projects. The deal was Oversubscribed 2.5 times which demonstrate the banks trust in Maaden's credit worthiness.
Furthermore, the company informs that Mr.. Mansour bin Saleh Al Maiman is a board member in Maaden and a chairman in the National Commercial Bank.
Further to the Companys announcement on 12/07/1433h corresponding to (02/06/2012G) Saudi Arabian Mining Company (Maaden) announces that it has signed today at Maadens Head Quarter in Riyadh, SAR 9 billion (USD 2,400 million) Murabaha revolver loan with a tenur of 5 years.
The subscribing banks are: National Commercial Bank, Samba Financial Group, Banque Saudi Fransi, Riyad Bank, Saudi British Bank (SABB), Al Rajhi Bank, Bank Al Jazeera, JP Morgan Chase, Arab National Bank, Bank Al Bilad, Saudi Investment Bank .
The company increased the loan amount from SAR 7 billion to SAR 9 billion, to give the company more Flexibility to finance the future projects. The deal was Oversubscribed 2.5 times which demonstrate the banks trust in Maaden's credit worthiness.
Furthermore, the company informs that Mr.. Mansour bin Saleh Al Maiman is a board member in Maaden and a chairman in the National Commercial Bank.
© Tadawul 2012
