Saudi Arabian Mining Company (Ma’aden) announces the commencement of the offer of its U.S. dollar denominated trust certificates under its international additional trust certificate issuance programme
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from the Saudi Arabian Mining Company (Ma’aden) (“Ma’aden”) published on the website of the Saudi Exchange on 05/08/1446H (corresponding to 04/02/2025G) regarding its intention to issue U.S. dollar denominated trust certificates (the “Trust Certificates”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, Ma’aden would like to announce the commencement of the offer of the Trust Certificates. |
| Offer Type | U.S. dollar denominated trust certificates. |
| Value of the offer | The amount and terms of offer of the Trust Certificates will be determined subject to the market conditions. |
| Offering start Date | 2025-02-06 Corresponding to 1446-08-07 |
| Offering end Date | 2025-02-07 Corresponding to 1446-08-08 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | Ma’aden has mandated Citigroup Global Markets Limited, HSBC Bank plc, Al Rajhi Capital Company, BNP PARIBAS, GIB Capital, J.P. Morgan Securities plc, Natixis, Saudi Fransi Capital, SNB Capital Company and Standard Chartered Bank as Joint Lead Managers. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | It is subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | It is subject to market conditions. |
| Maturity (Sukuk /Bonds) | Two tranches, 5 years and 10 years. |
| Terms of Redemption | The Trust Certificates may be redeemed in certain cases as detailed in the offering circular in relation to the Trust Certificates. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Trust Certificates. Ma’aden will announce any other relevant material developments in due course as required by the relevant rules and regulations.
The Trust Certificates will be listed on the London Stock Exchange's International Securities Market. The Trust Certificates may be sold in reliance on Regulation S and Rule 144A under the US Securities Act of 1933, as amended.
The Offering End Date referred to above is the expected date of the end of the offering, subject to market conditions. |
Comments