Saudi Arabian Mining Co. — Capital/Financing Update 2015

Apr 26, 2015

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT ITS SUBSIDIARY, MAADEN GOLD & BASE METALS COMPANY, HAS SIGNED A FINANCING AGREEMENT WITH THE SAUDI INDUSTRIAL DEVELOPMENT FUND (SIDF)

1211 · 26/04/2015 15:43:39 · Announcement #38445 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT ITS SUBSIDIARY, MAADEN GOLD & BASE METALS COMPANY, HAS SIGNED A FINANCING AGREEMENT WITH THE SAUDI INDUSTRIAL DEVELOPMENT FUND (SIDF)

The Saudi Arabian Mining Company (Maaden) announces that its wholly-owned subsidiary, Maaden Gold & Base Metals Company, has signed a financing agreement with the Saudi Industrial Development Fund (SIDF) today 26/04/2015G (corresponding to 07/07/1436h) for the amount of SAR 1,200 Million to fund the development of Ad Duwayhi mine.

The loan will be repaid in 14 semi-annual installments starting from 15/10/1438H and will continue for seven years. The loan is financially guaranteed by Saudi Arabian Mining Company (Maaden)

Any additional information will be provided in due course.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.