Saudi Arabian Mining Co
Saudi Maaden gets $911.5 million financing
Thu, 2011-10-20 09:05 — newsdeskIt seems that Saudi Arabian Mining Co signed with 13 local and international banks a 3.7 billion riyal ($991.5 million) facility for the construction of the second phase of Maaden and Alcoa Inc 's $10.8 billion integrated smelter and rolling mill complex.
The cost is estimated at 13.4 billion riyals, of which 5.4 billion riyals will be financed by the project partners on a pro-rata basis.
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