Thursday 10 July 2014
 
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Maaden

Saudi's Ma'aden inks $5bn financing deal

Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

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Maaden unveils big gold excavation plans

Saudi Arabian Mining Company (Maaden) aims to dig out 500,000oz of gold from across the Kingdom, including the Madinah region, said a report citing its top official. Maaden is also considering introducing downstream operations to

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden plans $1.5bn rights issue

Saudi Arabian Mining Co (Ma'aden) will seek shareholder approval for a 5.6 billion riyals ($1.49 billion) rights issue to help expand its operations, the company said on Thursday. Ma'aden will use the money to expand its p

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Ma'aden plans $1.5bn rights issue

Saudi Arabian Mining Co (Ma'aden) will seek shareholder approval for a 5.6 billion riyals ($1.49 billion) rights issue to help expand its operations, the company said on Thursday. Ma'aden will use the money to expand its p

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Ma'aden Q1 profit falls 48pc as metal prices drop

Saudi Arabian Mining Co (Ma'aden) blamed falling metal prices after it posted a 48 percent drop in first-quarter net profit on Monday. Ma'aden made a profit of 125.2 million riyals ($33.4 million) in the three months to Ma

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Maaden secures $2bn loan for phosphate plan

Saudi Arabia's state-owned Public Investment Fund will provide $2 billion financing for a phosphate project planned by Saudi Arabian Mining Co (Maaden), Saudi Basic Industries Corporation (Sabic) and Mosaic, said a report. The

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Alba-Ma'aden Aluminium in key talks

Aluminium Bahrain (Alba) said its senior officials met the top management of Ma'aden Aluminium in Saudi and held key discussions on issues of common interest related to safety, operations and training. The Alba team led by CEO

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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

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