Ma'aden finalizes $1 billion funding deal
Saudi Arabian Mining Company "Ma'aden" announced the completion of arrangements for its first-ever $1 billion syndicated international loan, supported by leading international banks from the United States, Canada, Europe, China, and Japan. The loan includes $500 million allocated for funding growth projects and the company's overall strategic initiatives, along with revolving credit facilities of $500 million that remain undrawn and can be used as needed. The extent of international participation reflects the confidence of the financial sector in Ma'aden’s financial position and expansion plans, supporting Saudi Vision 2030 and the expansion of the mining sector within the Kingdom.
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