Ma’aden Announces Completion of Dollar-Denominated Sukuk Issuance under International Sukuk Programme

Saudi Arabian Mining Company (Ma’aden) announced on Sunday the end of the issuance of sukuk in two tranches, a 5-year tranche worth $750 million, and a 10-year tranche worth $500 million. The settlement of the sukuk issuance will be on Feb. 13, 2025.

According to the Company’s statement on “Tadawul”, the nominal value of the sukuk is $200,000, and the return is 5.250% for the 5-year tranche, and 5.500% for the 10-year tranche.

According to the Company, the sukuk may be redeemed in certain cases as detailed in the offering document related to the sukuk. Such sukuk will be listed on the London Stock Exchange’s International Financial Market, and can be sold under Regulation S and Rule 144A of the US Securities Act of 1933, as amended.