Logo of Saudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) announced that its extraordinary general meeting (EGM), set for Feb. 3, 2025, will vote on authorizing the board to issue debt instruments of all types, including sukuk and bonds. 
In a statement to Tadawul, Maaden stated that these instruments could be issued publicly or privately, either directly or through one or more special-purpose vehicles (SPVs).
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The instruments may be primary or secondary, listed or unlisted, in any currency, issued as a whole, in parts, or through a series of issuances under programs or independently, within Saudi Arabia or internationally.
Terms such as amounts, timing, tenor, returns, structure, listing, clearing arrangements, and other details will be decided by the board.
The board will also be authorized to take all necessary steps, obtain approvals in any jurisdiction, establish or update programs, and handle issuances.
It can delegate these powers to individuals or entities and authorize further sub-delegations. The EGM will ratify and approve all previous actions taken regarding these matters.
Logo of Saudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) announced that its extraordinary general meeting (EGM), set for Feb. 3, 2025, will vote on authorizing the board to issue debt instruments of all types, including sukuk and bonds.
In a statement to Tadawul, Maaden stated that these instruments could be issued publicly or privately, either directly or through one or more special-purpose vehicles (SPVs).
For more news on listed companies
The instruments may be primary or secondary, listed or unlisted, in any currency, issued as a whole, in parts, or through a series of issuances under programs or independently, within Saudi Arabia or internationally.
Terms such as amounts, timing, tenor, returns, structure, listing, clearing arrangements, and other details will be decided by the board.
The board will also be authorized to take all necessary steps, obtain approvals in any jurisdiction, establish or update programs, and handle issuances.
It can delegate these powers to individuals or entities and authorize further sub-delegations. The EGM will ratify and approve all previous actions taken regarding these matters.
