Sunday 29 November 2015

Maaden signs financing deal with SIDF

Saudi Arabian Mining Company (Maaden) has said its subsidiary, Maaden Bauxite and Alumina Company, has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project. The f


SIDF capital doubled to $10.7 billion

The capital of Saudi Industrial Development Fund (SIDF) has been doubled to SR40 billion ($10.7 billion) by King Abdullah in an effort to develop the industrial sector, its chairman Abdul Rahman Al-Humaidi was quoted as saying. "The fund s


New Saudi firm plans steel billet plant

Newly-formed Sulb National Co will start before the end of next year a 300,000 tonnes steel billet plant that would cover 20 percent of Saudi Arabia's deficit in the product, its top executive said. Sulb expects a government stimulus p

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