Saudi Arabian Mining Co. (Maaden) said its subsidiary Maaden Aluminium Company has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan.

 

The SAR 4.275 billion ($1.14 billion) loan will be repaid over a period of 14 years in 18 semi-annual scheduled installments, starting March 31, 2023.

 

Maaden Aluminium is 74.9 percent owned by Maaden and 25.1 percent owned by US-based Alcoa Corporation.

 

On Sunday, the company said it had signed financing agreements worth SAR 6.68 billion ($1.78 billion) with 14 commercial banks and financial institutions, to replace its existing debt. 

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.

Related News

Maaden Aluminium signs SAR 6.7 bln financing contracts with banks

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request