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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Mining Company (Ma'aden)    1211   SA123GA0ITH7

SAUDI ARABIAN MINING COMPANY (MA'ADEN)

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Saudi Arabian Mining Ma'aden : COMPANY (MAADEN) ANNOUNCES THAT ITS SUBSIDIARY (MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY) HAS SIGNED FINANCING AGREEMENT WITH THE SAUDI INDUSTRIAL DEVELOPMENT FUND (SIDF)

08/01/2017 | 04:56am EST

Further to the company announcement on Tadawul on 27/03/1437H (corresponding to 07/01/2016), Saudi Arabian Mining Company (Maaden) announces that its subsidiary (Maaden Waad Al Shamal Phosphate Company) has signed today, Monday 08/11/1438H (corresponding to 31/07/2017G) two financing agreements with the Saudi Industrial Development Fund (SIDF) to fund the remaining of MWSPC project financing plan. The two financing agreements are for a total amount of SAR 2.1 billion (USD 560 million), as detailed below:

First, Loan facility of SAR 1,200 million to finance the construction of MWSPCs phosphoric acid plant and phosphate concentrate plant in the city of Waad Al Shamal and which will be repaid in 24 semi-annual installments starting on 15/4/1440H for a period of twelve years.

Second, loan facility of SAR 900 million to finance construction of MWSPCs ammonia plant in Ras Al-Khair (RAK) and which will be repaid in 20 semi-annual installments starting on 15/4/1440H for a period of ten years.

Assets mortgage and shareholders guarantee will be provided to SIDF.

Saudi Arabian Mining Company (Maaden), The Mosaic Company and Saudi Basic Industries Corporation (SABIC) own 60%, 25% and 15%, respectively, of the joint venture developing the Waad Al Shamal Phosphate project.

Ma'aden - Saudi Arabian Mining Company SJSC published this content on 31 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 August 2017 08:56:01 UTC.


© Publicnow 2017
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Financials
Sales 2020 17 469 M 4 658 M 4 658 M
Net income 2020 -645 M -172 M -172 M
Net Debt 2020 44 088 M 11 756 M 11 756 M
P/E ratio 2020 -78,5x
Yield 2020 -
Capitalization 50 700 M 13 519 M 13 519 M
EV / Sales 2020 5,43x
EV / Sales 2021 5,12x
Nbr of Employees -
Free-Float 32,8%
Chart SAUDI ARABIAN MINING COMPANY (MA'ADEN)
Duration : Period :
Saudi Arabian Mining Company (Ma'aden) Technical Analysis Chart | 1211 | SA123GA0ITH7 | MarketScreener
Technical analysis trends SAUDI ARABIAN MINING COMPANY (MA'ADEN)
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 34,89 SAR
Last Close Price 41,20 SAR
Spread / Highest target 18,9%
Spread / Average Target -15,3%
Spread / Lowest Target -46,6%
EPS Revisions
Managers
NameTitle
Mosaed bin Sulaiman Al-Ohali Chief Executive Officer
Yasir bin Othman Al-Rumayyan Non-Executive Chairman
Khaled Al-Khattaf Chief Financial Officer & Senior Vice President
Khalid bin Saleh Al-Mudaifer Non-Executive Director
Sulaiman Abdulrahman Al-Gwaiz Deputy Chairman
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