Saudi Arabian Mining Co. — Capital/Financing Update 2019

Jun 26, 2019

Saudi Arabian Mining Company (Ma’aden) announces the appointment of financial advisors to manage a capital increase through debt conversion into new shares.

1211 · 26/06/2019 15:45:16 · Announcement #55407 · View on Saudi Exchange

Saudi Arabian Mining Company (Ma’aden) announces the appointment of financial advisors to manage a capital increase through debt conversion into new shares.

Element List	Explanation
Announcement Detail	Further to the announcement of Saudi Arabian Mining Company (Ma’aden) (the “Company”) made on 23/10/1440H (corresponding to 26/06/2019G, the Company announces the appointment of HSBC Saudi Arabia and Riyad Capital to manage the proposed capital increase through debt conversion into new shares from 23/10/1440H (corresponding to 26/06/2019G .

The Company’s Board member Engr. Abdullah Al-Issa chairs Riyad Bank Board , which owns Riyad Capital. Also, Mrs. Lubna Al-Olayan Chairs SABB bank, which is a shareholder of HSBC Saudi Arabia.

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