Saudi Arabia's Maaden Successfully Raises $1 Billion Through 10-Year International Sukuk

26/01/2026 06:30 AST

The Saudi Arabian Mining Company (Maaden) announced the successful completion of a dollar-denominated sukuk offering with a total value of $1 billion (approximately 3.75 billion riyals). This issuance is part of the company's international sukuk program, which aims to attract qualified investors from within the Kingdom and abroad to strengthen the company's financial position and support its strategic projects.

In its statement published on the Saudi Stock Exchange (Tadawul) website on Sunday, the company said the offering is a follow-up to its previous announcement on January 22 regarding the start of the subscription process.

The issuance witnessed strong demand, reflecting international investors' confidence in Maaden's financial solvency and the future of the mining sector as a fundamental pillar of Saudi Vision 2030.

According to the statement, the total number of sukuk issued is 5,000, with a nominal value of $200,000 per sukuk. The company set the sukuk yield at 5.250 percent per annum, with a maturity period extending to 10 years, reflecting the company's ability to obtain long-term financing at competitive costs in international markets.

Maaden indicated that these sukuk will be listed on the International Securities Market of the London Stock Exchange. It also confirmed that the sale process will be conducted in accordance with applicable international regulations, including "Regulation S" and "Rule 144A" of the US Securities Act of 1933, as amended, which are standards that ensure the issuance reaches a broad base of global investment institutions.

Regarding the redemption conditions, the company stated that the sukuk may be redeemed in certain pre-defined cases, in accordance with the terms and conditions detailed in the offering document for the issuance.

The offering is an important step in Maaden's journey to enhance its financial flexibility at a time when the company is experiencing rapid growth and expansion in its portfolio of mining assets inside and outside the Kingdom.

Asharq Al Awsat