Maaden Successfully Closes US$1 Billion Inaugural International Term Loan and Revolving Credit Facilities

Maaden, one of the world's fastest-growing mining companies and the largest multi-commodity mining and metals producer in the Middle East, announced the successful closing of its inaugural international syndicated Term Loan and Revolving Credit Facilities.

The transaction was met with strong support from the international banking market, attracting participation from a diverse group of leading international banks across key global financial markets including the US, Canada, Europe, China and Japan and resulting in the facilities being significantly oversubscribed. The level of demand reflects the global banking community's confidence in Maaden's financial strength, strategic direction and ambitious growth plans.

The facilities mark another significant milestone in Maaden's funding journey – further diversifying its sources of funding and broadening its access to global capital providers as the company continues to advance its long-term growth ambitions.

The US$500 million International Term Loan facility will support Maaden's growth agenda and general corporate purposes, including funding growth projects across its portfolio. The US$500 million International Revolving Credit Facility, which is expected to remain undrawn, provides additional committed funding capacity as Maaden continues to scale its business and execute its long-term growth strategy.

Bob Wilt, CEO of Maaden, said: "The strong international demand for these facilities reflects the confidence global financial institutions have in Maaden, our strategy and our long-term growth ambitions. These facilities are designed to support our growth agenda and help us capture the opportunities emerging from the Kingdom's rapidly growing mining sector. They strengthen our ability to deliver projects that will unlock the Kingdom's mineral potential and support Saudi Arabia's Vision 2030 ambitions."

Maaden continues to make significant progress across its growth pipeline, expanding production, advancing major projects and accelerating exploration as it builds a world-class mining company at the heart of Saudi Arabia's economic transformation.

Disclaimer

This announcement is provided for information purposes only. Maaden accepts responsibility for the accuracy of the information contained herein as of the date of publication and confirms that, to the best of its knowledge and belief, no material facts have been omitted that would make any statement herein misleading. The information contained in this announcement may be subject to change without notice, and Maaden undertakes no obligation to update it except as required by applicable laws and regulations.