Saudi Arabian Mining Co. — Capital/Financing Update 2017

Dec 18, 2017

ADDENDUM ANNOUNCEMENT FROM MAADEN RELATED TO ITS SUBSIDIARY (MAADEN ALUMINUM COMPANY) SIGNING OF FINANCING AGREEMENTS WITH LOCAL AND INTERNATIONAL LENDERS TO REPLACE ITS EXISTING DEBT

1211 · 18/12/2017 16:11:49 · Announcement #48879 · View on Saudi Exchange

ADDENDUM ANNOUNCEMENT FROM MAADEN RELATED TO ITS SUBSIDIARY (MAADEN ALUMINUM COMPANY) SIGNING OF FINANCING AGREEMENTS WITH LOCAL AND INTERNATIONAL LENDERS TO REPLACE ITS EXISTING DEBT

Further to the Company announcement on 29/03/1439H corresponding to (17/12/2017G), Saudi Arabian Mining Company (Maaden) announces that its subsidiary Maaden Aluminum Company (MAC) has signed on 29/03/1439H corresponding to (17/12/2017G) an amendment agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan to Maaden Aluminium Company.

The loan of SAR 4.275 billion (USD 1.140 billion) will be for a period of 14 years which will be repaid in 18 semi-annual scheduled installments starting on 31 March 2023G.

Note that Maaden Aluminium Company is 74.9% owned by Maaden and 25.1% owned by Alcoa Corporation.

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