Ma’aden Assembly Authorises BOD to Issue Debt Instruments

Saudi Arabian Mining Company (Ma’aden) (“Ma’aden”) announced on Tuesday the results of the 12th Extraordinary General Assembly Meeting (First Meeting), where it was approved to authorise the Board of Directors to offer all types of debt instruments (including without limitation sukuk and bonds) in a public or private offerings, directly or through the establishment of one or more special purpose entities, whether such sukuk or bonds are senior or subordinated, listed or unlisted, in any currency, in one or more tranches or through a series of issuances within one or more programmes or standalone basis, inside or outside the Kingdom of Saudi Arabia, in each case with the amounts, times, tenors, rates of return, structures, listing arrangements, clearing arrangements, conditions and other details approved by the Board of Directors from time to time, including the Company’s guarantee or provision of any other form of credit support for the obligations of the special purpose entity concerned, and the Board has the right to take all necessary actions and measures and obtain all necessary approvals in any jurisdiction for each offering and for the establishment, maintenance and update each programme, and it has the right to authorise any or all of those authorities to any other individual or individuals and grant them the right to delegate to others, and the Assembly ratifies all the steps and actions taken regarding any of the foregoing prior to the date of this resolution and permits them in all aspects.