Wednesday, 21 February 2018 01:33 GMT

Ma'aden in USD240m funding deal

(MENAFN) Saudi Arabian Mining Company (Ma'aden) has announced that its subsidiary, Ma'aden Bauxite and Alumina Company, has signed a financing deal for the second phase of its aluminum project, Saudi Gazette reported

Ma'aden's financing agreement with the Saudi Industrial Development Fund (SIDF) is for a total amount of USD240 million

The loan is agreed to be repaid in 15 semi-annual unequal repayments beginning from July 9, 2017 and continuing for seven and a half years

Ma'aden in USD240m funding deal

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