Maaden Aluminium signs new financing agreement worth USD1.78bn to replace existing debt
Maaden Aluminium Company (Maaden’s subsidiary) signed a financing agreement with a consortium of commercial banks and other financial institutions for a total amount of SAR6.68bn (USD1.78bn). Based on the release, this new debt is set to replace the existing one, and the new facility was obtained on more favourable terms. The subject loans include: i) murabaha facility for 10 years to be repaid on 14 semi-annual instalments starting Mar 2021; and ii) commercial facility for seven years and to be repaid on eight semi-annual instalments starting Mar 2021.
Maaden: SAR51.13 as of 14 Dec. 2017, Rating: Sell, TP: SAR42.00/share, MCap: USD15,925mn, MAADEN AB/1211.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.