Saudi Arabian Mining Co. — Capital/Financing Update 2015

Apr 2, 2015

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT ITS AFFILIATE, MAADEN BARRICK COPPER COMPANY, HAS SIGNED A REDRAWABLE MURABAHA FINANCE FACILITY WITH THE SAUDI BRITISH BANK (SABB)

1211 · 02/04/2015 09:02:11 · Announcement #37900 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THAT ITS AFFILIATE, MAADEN BARRICK COPPER COMPANY, HAS SIGNED A REDRAWABLE MURABAHA FINANCE FACILITY WITH THE SAUDI BRITISH BANK (SABB)

The Saudi Arabian Mining Company (Maaden) announces that its affiliate, Maaden Barrick Copper Company, has signed yesterday 01/04/2015G a 2 year redrawable murabaha finance facility with The Saudi British Bank (SABB) for the amount of SAR 750 Million.

The loan will be secured by financial guarantees issued in favor of SABB by Maaden and Barrick Gold Corporation, and will be utilized to finance the remaining costs to complete the Jabal Sayid copper project and bring it into production.

Any additional information will be provided in due course.

Maaden Barrick Copper Company is a limited liability company, jointly owned 50:50 by Maaden and Barrick Gold Corporation.

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.