| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Mining Company (Ma’aden) (“Ma’aden”) announces its intention to issue U.S. dollar denominated trust certificates (the “Trust Certificates”) under its international trust certificate issuance programme to be established on 4 February 2025 based on its board of directors resolution dated 17/06/1446H (corresponding to 18/12/2024G) and the resolution of its extraordinary general assembly dated 04/08/1446H (corresponding to 03/02/2025G). The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the “Proposed Offer”). 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 in relation to the Proposed Offer. |
| Offer Type | U.S. dollar denominated trust certificates. |
| Date of the board’s decision | 2024-12-18 Corresponding to 1446-06-17 |
| Value of the offer | The amount and terms of offer of the Trust Certificates will be determined subject to the market conditions. |
| The Purpose of the offer | General corporate purposes. |
| Approvals | The offer of the Trust Certificates will be subject to the approval of the relevant regulatory authorities, and will be made in compliance with applicable laws and regulations. |
| 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. |
