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Maaden issues USD-denominated sukuk under its international program
Saudi Arabian Mining Company (Maaden) commenced the issue of USD-denominated sukuk under its International Sukuk Issuance Program, according to a statement to Tadawul.
The sukuk will be offered to qualified investors inside and outside Saudi Arabia. The size and terms of the issuance will be determined based on market conditions.
The sukuk may be redeemed in certain cases, as detailed in the relevant offering document.
|
Issuance Type |
US dollar-denominated sukuk |
|
Offering Size |
To be determined based on market conditions |
|
Offering Start Date |
Jan. 22, 2026 |
|
Offering End Date |
Jan. 29, 2026 |
|
Target Investors |
Qualified investors inside and outside Saudi Arabia |
|
Issuance Managers |
Albilad Capital, AlJazira Capital, Arab Banking Corporation, Bank of China-Hong Kong Branch, BNP Paribas, Citigroup Global, Goldman Sachs International, HSBC, J.P. Morgan Securities, KFH Capital, Merrill Lynch, Mizuho International, Natixis, and AlAhli Capital as joint lead managers |
|
Minimum Subscription |
$200,000 with increments of $1,000 |
|
Issue Price |
To be determined based on market conditions |
|
Par Value |
$200,000 |
|
Return |
To be determined based on market conditions |
|
Maturity |
To be determined based on market conditions |
Maaden’s International Sukuk Issuance Program was established on Feb. 4, 2025, pursuant to a board decision dated Dec. 15, 2025. The purpose of the issuance is to meet the company’s general corporate needs, Maaden said.
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