Saudi Arabian Mining Co. (Maaden)headquarter
Saudi Arabian Mining Co. (Maaden) plans to issue US dollar-denominatedsukukunder its International Trust Certificate Issuance Program, set to launch on Feb. 4, following approval from its board of directors on Dec. 18, 2024, and shareholders’ approval on Feb.3, 2025,according to a statement to Tadawul. 
The issuance is expected through a special purpose vehicle and offered to eligible investors bothinside and outside Saudi Arabia,the statement added.
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Maaden appointed Citigroup Global Markets Limited, HSBC Bank plc, Al Rajhi Capital Co., BNP Paribas, GIB Capital, J.P. Morgan Securities plc, Natixis, Saudi Fransi Capital, SNB Capital, and Standard Chartered Bank as joint lead managers for the offering.
The size and terms of thesukukoffering will depend on market conditions, with proceeds intended to finance general corporate purposes, Maaden explained.
The offering, subject to approval from regulatory authorities, will comply with applicable laws and regulations.
Shareholdersauthorizedthe board of directors on Feb. 3 to offer debt instruments of all types, including without limitation sukuk and bonds.The offering will be through private or public offerings, directly or through one or more special purpose vehicles, whether such sukuk or bonds are senior or subordinated, listed or unlisted, in any currency, in one or more tranches or as a series of issuances as part of one or more program or on a standalone basis, according to Argaam‘s data.
Saudi Arabian Mining Co. (Maaden)headquarter
Saudi Arabian Mining Co. (Maaden) plans to issue US dollar-denominatedsukukunder its International Trust Certificate Issuance Program, set to launch on Feb. 4, following approval from its board of directors on Dec. 18, 2024, and shareholders’ approval on Feb.3, 2025,according to a statement to Tadawul.
The issuance is expected through a special purpose vehicle and offered to eligible investors bothinside and outside Saudi Arabia,the statement added.
For more news on listed companies
Maaden appointed Citigroup Global Markets Limited, HSBC Bank plc, Al Rajhi Capital Co., BNP Paribas, GIB Capital, J.P. Morgan Securities plc, Natixis, Saudi Fransi Capital, SNB Capital, and Standard Chartered Bank as joint lead managers for the offering.
The size and terms of thesukukoffering will depend on market conditions, with proceeds intended to finance general corporate purposes, Maaden explained.
The offering, subject to approval from regulatory authorities, will comply with applicable laws and regulations.
Shareholdersauthorizedthe board of directors on Feb. 3 to offer debt instruments of all types, including without limitation sukuk and bonds.The offering will be through private or public offerings, directly or through one or more special purpose vehicles, whether such sukuk or bonds are senior or subordinated, listed or unlisted, in any currency, in one or more tranches or as a series of issuances as part of one or more program or on a standalone basis, according to Argaam‘s data.
