Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) initiated a USD-denominated sukuk offering under its International Trust Certificate Issuance Program, the company said in a statement toTadawul. 
The size and terms of thesukukoffering will depend on market conditions.
For more news on listed companies
Details
Offer Type
USD-denominated sukuk under the International Trust Certificate Issuance Program
Offer Value
To be determined based on market conditions
Start Date
Feb. 6, 2025
End Date
Feb. 7, 2025
Target Class
Qualified investors within and outside Saudi Arabia
Issuance Manager
The bank 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.
Minimum Subscription
$200,000, with an increase of SAR 1,000 for higher amounts
Offering Price
Subject to market conditions
Nominal Value
$200,000
Return
Subject to market conditions
Maturity
2 tranches: 5 years and 10 years
Terms of Redemption
Sukuk may be redeemed early due to a material event, as stated in theTrust Certificate Issuance Program.
Maaden said it would disclose any material developments to shareholders in line with applicable rules and regulations.
The announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities and is subject to the sukuk’s terms and conditions, the bank noted.
The certificates will be listed on the International Securities Market of the London Stock Exchange plc. The certificates may only be sold as per Regulation S under the US Securities Act of 1933, as amended.
The issue end date referred to above is the expected offering end date, which is subject to market conditions.
Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) initiated a USD-denominated sukuk offering under its International Trust Certificate Issuance Program, the company said in a statement toTadawul.
The size and terms of thesukukoffering will depend on market conditions.
For more news on listed companies
Details
Offer Type
USD-denominated sukuk under the International Trust Certificate Issuance Program
Offer Value
To be determined based on market conditions
Start Date
Feb. 6, 2025
End Date
Feb. 7, 2025
Target Class
Qualified investors within and outside Saudi Arabia
Issuance Manager
The bank 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.
Minimum Subscription
$200,000, with an increase of SAR 1,000 for higher amounts
Offering Price
Subject to market conditions
Nominal Value
$200,000
Return
Subject to market conditions
Maturity
2 tranches: 5 years and 10 years
Terms of Redemption
Sukuk may be redeemed early due to a material event, as stated in theTrust Certificate Issuance Program.
Maaden said it would disclose any material developments to shareholders in line with applicable rules and regulations.
The announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities and is subject to the sukuk’s terms and conditions, the bank noted.
The certificates will be listed on the International Securities Market of the London Stock Exchange plc. The certificates may only be sold as per Regulation S under the US Securities Act of 1933, as amended.
The issue end date referred to above is the expected offering end date, which is subject to market conditions.
