Saudi Arabian Mining Co. — Capital/Financing Update 2012

Jun 2, 2012

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT IT HAS RECEIVED BANKS COMMITMENT LETTERS FOR ITS SAR 7 BILLION MURABAHA REVOLVER LOAN

1211 · 02/06/2012 09:16:58 · Announcement #26015 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT IT HAS RECEIVED BANKS COMMITMENT LETTERS FOR ITS SAR 7 BILLION MURABAHA REVOLVER LOAN

Further to the Companys announcement on 29/05/1433h corresponding to (21/04/2012G) Saudi Arabian Mining Company (Maaden) announces that it has received banks commitments for its SAR 7 billion Murabaha revolver loan with a tenur of 5 years. The deal was oversubscribed 2.5 times which demonstrate the banks trust in Maaden's credit worthiness. The subscribing banks are: National Commercial Bank, Samba Financial Group, Riyad Bank, Banque Saudi Fransi, Saudi British Bank (SABB), Al Rajhi Bank, Bank Al Jazeera, J.P. Morgan, Arab National Bank, Bank Al Bilad, Saudi Investment Bank .

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