Saudi Arabian Mining Co. — Capital/Financing Update 2014

Apr 3, 2014

SAUDI ARABIAN MINING COMPANY, (MAADEN) ANNOUNCES THAT PUBLIC INVESTMENT FUND (PIF) HAS APPROVED USD 2 BILLON FINANCING FOR MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY

1211 · 03/04/2014 16:02:57 · Announcement #33946 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY, (MAADEN) ANNOUNCES THAT PUBLIC INVESTMENT FUND (PIF) HAS APPROVED USD 2 BILLON FINANCING FOR MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY

Further to the Companys announcement on Tadawul on 02/22/1435H (corresponding to 25/12/2013G), the Saudi Arabian Mining Company (Maaden) announces that Public Investment Fund (PIF) has approved today 03/04/2014G USD 2 billion to fund part of Maadens Waad Al Shamal Phosphate Company. This company is a joint venture with SABIC and The Mosaic Company.

The loan will be for a period of 17 years and will be repaid in half yearly installments with 5 year grace period.

Any additional information will be provided in due course.

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