Ma’aden announces full repayment of Sukuk worth 3.5 billion riyals

The Saudi Arabian Mining Company announced that it has fully repaid the Sukuk, which is compatible with the provisions of Islamic law, amounting to 3.5 billion riyals, for its subsidiary (Ma’aden Phosphate).

The company explained that the total number of redeemed Sukuk amounted to 3,500 Sukuk, with a redemption rate of 100% of the total issuance.

According to the statement published on “Tadawul”, the nominal value of the Sukuk upon redemption amounted to 3.5 billion riyals.

According to the company, the amounts will be deposited into the accounts of Sukuk holders today, February 19, 2025.

Ma’aden confirmed that the financial impact of this process will appear in the results of the first quarter of the current year 2025.

According to the company, the amounts will be deposited into the accounts of Sukuk holders today, February 19, 2025.

Ma’aden confirmed that the financial impact of this process will appear in the results of the first quarter of the current year 2025.