AI Summary
Saudi Arabian Mining Co. (Maaden) headquarters
Saudi Arabian Mining Co. (Maaden) completed the issuance of $1 billion in USD-denominated sukuk, offered to qualified investors inside and outside Saudi Arabia, according to a statement to Tadawul.
Below are details of the sukuk issuance:
|
Issuance Type |
US dollar-denominated sukuk |
|
Offering Size |
$1bln |
|
Sukuk Total No. |
5,000 |
|
Par Value |
$200,000 |
|
Return |
$5.250% pa |
|
Maturity |
10 years |
|
Redeem Conditions |
The sukuk may be redeemed in certain cases, as detailed in the relevant offering document. |
The sukuk will be listed on the International Securities Market of the London Stock Exchange and may only be sold as per Regulation S under the US Securities Act of 1933, as amended.
According to Argaam data, Maaden announced, on Jan. 22, the launch of a US dollar-denominated sukuk issuance under its international sukuk program.
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