Ma’aden Announces Dollar-Denominated Sukuk Issuance Under International Program

The Saudi Arabian Mining Company (Ma’aden) has announced the launch of a dollar-denominated sukuk issuance as part of its international sukuk program.

According to the announcement on Tadawul, the sukuk will be issued in two tranches with maturity periods of 5 and 10 years, and may be redeemed under specific conditions outlined in the official offering document.

Ma’aden has committed to adhering to the final offering terms and specifications, with the issuance size and pricing to be determined based on market demand.

Key Details of the Issuance:

• Total Subscription Amount: $200,000
• Incremental Increase: $1,000
• Total Nominal Value: $200,000
• Maturity Periods: 5 years and 10 years

Joint Lead Managers:

Ma’aden has appointed the following financial institutions to manage the issuance:

• Citigroup Global Markets Limited
• HSBC Bank plc
• Al Rajhi Capital Company
• BNP Paribas
• GIB Capital
• J.P. Morgan Securities plc
• Natixis
• Saudi Fransi Capital
• SNB Capital Company
• Standard Chartered Bank

The Trust Certificates will be listed on the London Stock Exchange’s International Securities Market. The Trust Certificates may be sold in reliance on Regulation S and Rule 144A under the US Securities Act of 1933, as amended.