Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

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

Don't Miss Out —
Follow us on:

April 21 (Bloomberg) -- Saudi Arabian Mining Co., the state-controlled company that has a joint venture with Alcoa Inc., 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.”

Link to Company News:{AA US <Equity> CN <GO>} Link to Company News:{MAADEN AB <Equity> CN <GO>}

To contact the reporter on this story: Shaji Mathew in Dubai at

To contact the editor responsible for this story: Dick Schumacher at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.