Ma'aden finalizes $1B international funding

The Saudi Arabian Mining Company, "Ma’aden," announced the completion of arrangements for its first joint international loan valued at $1 billion, supported by international banks from America, Canada, Europe, China, and Japan. The demand for the facilities exceeded the targeted amount. The financing consists of a term loan of $500 million, backing the company's growth strategies and investment projects, in addition to revolving credit facilities worth $500 million, providing financial flexibility to meet future needs. The level of international participation reflects the confidence of the financial sector in Ma’aden’s position and its expansion strategy. This initiative aligns with Saudi Arabia’s Vision 2030 to strengthen the mining sector and implement projects aimed at advancing industry and mining opportunities within the Kingdom.

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