Maaden signs 5-year extension for Murabaha revolver loan facility

14/12/2017 Argaam

 

Saudi Arabian Mining Co. (Maaden) has signed a five-year extension and amendment to its existing five-year Murabaha revolver loan facility, originally signed on Dec. 18, 2012, it said in a statement to Tadawul on Wednesday.

 

The facility, which was reduced from SAR 9 billion to SAR 7.5 billion, is currently undrawn and will provide liquidity support, it said.

 

The mining giant reported a net profit of SAR 819.6 million for the first nine months of 2017, a 73 percent year-on- year (YoY) surge due to a 24 percent rise in sales, higher aluminum prices, and an increase in profit share from joint venture Maaden Barrick Copper Co.
 

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read