Ticker	Volume	Price	Price Delta
DJIA	15,307.20	-80.41	-0.52%
S&P 500	1,655.35	-13.81	-0.83%
Nasdaq	3,463.30	-38.82	-1.11%

Ticker

Volume

Price

Price Delta

DJIA

15,307.20

-80.41

-0.52%

S&P 500

1,655.35

-13.81

-0.83%

Nasdaq

3,463.30

-38.82

-1.11%

Ticker	Volume	Price	Price Delta
STOXX 50	2,835.01	+13.36	0.47%
FTSE 100	6,840.27	+36.40	0.53%
DAX	8,530.89	+58.69	0.69%

Ticker

Volume

Price

Price Delta

STOXX 50

2,835.01

+13.36

0.47%

FTSE 100

6,840.27

+36.40

0.53%

DAX

8,530.89

+58.69

0.69%

Ticker	Volume	Price	Price Delta
Nikkei	15,663.00	+35.69	0.23%
Hang Seng	22,925.70	-335.35	-1.44%
S&P/ASX 200	5,076.50	-88.87	-1.72%

Ticker

Volume

Price

Price Delta

Nikkei

15,663.00

+35.69

0.23%

Hang Seng

22,925.70

-335.35

-1.44%

S&P/ASX 200

5,076.50

-88.87

-1.72%

Saudi Maaden in Talks With Banks for 7 Billion-Riyal Financing

By Shaji Mathew - 2012-04-21T06:37:41Z

Saudi Arabian Mining Co., the state-controlled company that has a joint venture with Alcoa Inc. (AA), said it is in talks with banks to obtain a 7 billion-riyal ($1.9 billion) Islamic loan.

“The company is in the process of consultation with a number of banks with the intention to obtain medium-term murabaha financing which will not exceed 7 billion riyals,” the company also known as Maaden said in a statement to the Saudi bourse today. “The purpose of this funding is to finance the company’s investments in future projects.”

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

More News:

Middle East

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.