Saudi Arabian Mining Company (Maaden) Announces the publication of the shareholders circular in relation to the Company's capital increase for the purpose of the Acquisition of all shares held by Mosaic Phosphates B.V in Maaden Wa'ad Al Shamal Phosphate Company

Element List	Explanation
Announcement Detail	Further to the announcement made by Saudi Arabian Mining Company ("Maaden") dated 21/10/1445H (corresponding to 30/4/2024G) in respect of its entry into a Share Purchase and Subscription Agreement with Mosaic Company and Mosaic Phosphates B.V. ("Mosaic Phosphates B.V.") pursuant to which the parties have agreed on Maaden acquiring all shares held by Mosaic Phosphates in Maaden Wa'ad Al Shamal Phosphate Company through increasing Maaden's share capital and issuing the new shares (the “Transaction”), and whereas the Capital Market Authority has issued its approval on 02/05/1446H (corresponding to 04/11/2024G) in respect of Maaden's application to increase its share capital for the purpose of the Transaction, Also, with reference to the company’s announcement dated on 18/05/1446HH (corresponding to 20/11/2024G) that the company’s Board of Directors invites the shareholders to attend the extraordinary general assembly meeting that includes the increase of the company’s capital (the first meeting), which is scheduled to be held, at 7pm on Wednesday, 10/06/1446H (corresponding to 11/12/2024G), through means of modern technology. The Company would like to announce to its shareholders the publication of the shareholders’ circular regarding the capital increase of the Company for the purpose of Maaden acquiring the entire stake held by Mosaic Phosphates B.V. in Maaden Wa'ad Al Shamal Phosphate Company, which is published on the Company's website through the following link: https://www.maaden.com.sa/download/Maaden%20%20-%20Shareholder%20Circular%20Eng%20-%20V8-compressed.pdf The Board of Directors of Maaden notes that each of Maaden's shareholders must carefully read and consider all information contained in the Circular prior to making their decision on how to vote on the Transaction. If in doubt as to the vote that such shareholder should make at Maaden’s extraordinary general assembly meeting relating to the Transaction, an independent financial advisor, licensed by the CMA, must be consulted about the Transaction; and a shareholder must rely on its own examination of the Transaction to ascertain whether the Transaction conforms with their own individual objectives, financial status and requirements. For further details about the Transaction and completion procedures, please refer to the Circular issued by Maaden and addressed to its shareholders. Maaden Company will announce any further material developments on the Transaction in due time.
Attached Documents

Element List

Explanation

Announcement Detail

Further to the announcement made by Saudi Arabian Mining Company ("Maaden") dated 21/10/1445H (corresponding to 30/4/2024G) in respect of its entry into a Share Purchase and Subscription Agreement with Mosaic Company and Mosaic Phosphates B.V. ("Mosaic Phosphates B.V.") pursuant to which the parties have agreed on Maaden acquiring all shares held by Mosaic Phosphates in Maaden Wa'ad Al Shamal Phosphate Company through increasing Maaden's share capital and issuing the new shares (the “Transaction”), and whereas the Capital Market Authority has issued its approval on 02/05/1446H (corresponding to 04/11/2024G) in respect of Maaden's application to increase its share capital for the purpose of the Transaction, Also, with reference to the company’s announcement dated on 18/05/1446HH (corresponding to 20/11/2024G) that the company’s Board of Directors invites the shareholders to attend the extraordinary general assembly meeting that includes the increase of the company’s capital (the first meeting), which is scheduled to be held, at 7pm on Wednesday, 10/06/1446H (corresponding to 11/12/2024G), through means of modern technology. The Company would like to announce to its shareholders the publication of the shareholders’ circular regarding the capital increase of the Company for the purpose of Maaden acquiring the entire stake held by Mosaic Phosphates B.V. in Maaden Wa'ad Al Shamal Phosphate Company, which is published on the Company's website through the following link:

https://www.maaden.com.sa/download/Maaden%20%20-%20Shareholder%20Circular%20Eng%20-%20V8-compressed.pdf

The Board of Directors of Maaden notes that each of Maaden's shareholders must carefully read and consider all information contained in the Circular prior to making their decision on how to vote on the Transaction. If in doubt as to the vote that such shareholder should make at Maaden’s extraordinary general assembly meeting relating to the Transaction, an independent financial advisor, licensed by the CMA, must be consulted about the Transaction; and a shareholder must rely on its own examination of the Transaction to ascertain whether the Transaction conforms with their own individual objectives, financial status and requirements.

For further details about the Transaction and completion procedures, please refer to the Circular issued by Maaden and addressed to its shareholders.

Maaden Company will announce any further material developments on the Transaction in due time.

Attached Documents

Attachments

17552_370_2024-11-21_09-32-35_en.pdf
17552_370_2024-11-21_09-32-55_en.pdf
17552_370_2024-11-21_09-32-59_en.pdf
17552_370_2024-11-21_09-33-04_en.pdf