| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Mining Company (“Maaden”) announces its intention to issue U.S. dollar denominated trust certificates (the “Trust Certificates”) under its international trust certificate issuance programme, 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) with such issuance having been authorised pursuant to a board of directors resolution dated 24/06/1447H (corresponding to 15/12/2025G). The issuance of the Trust Certificates will be by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally. Maaden has mandated Albilad Investment Company, AlJazira Capital Company, Arab Banking Corporation (B.S.C.), Bank of China Limited, Hong Kong Branch, BNP PARIBAS, Citigroup Global Markets Limited, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, KFH Capital Investment Company K.S.C.C, Merril Lynch International, Mizuho International plc , Natixis and SNB Capital Company, as Joint Lead Managers in relation to the proposed offer of Trust Certificates. |
| Offer Type | U.S. dollar denominated trust certificates. |
| Date of the board’s decision | 2025-12-15 Corresponding to 1447-06-24 |
| 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. Maaden will announce any other relevant material developments in due course as required by the relevant rules and regulations. |