Maaden bags USD 1 bn via USD-denominated debt issuance

Saudi Arabian Mining Company (Maaden) raised USD 1 bn through a 10-year, USD-denominated sukuk issuance, it said in a Tadawul disclosure yesterday. The certificates carry a 5.25% annual yield and will be listed on the London Stock Exchange’s International Securities Market.

ADVISORS- Joint lead managers include Albilad Capital, AlJazira Capital, Arab Banking Corporation, Bank of China Hong Kong Branch, BNP Paribas, Citibank, Goldman Sachs International, HSBC, JPMorgan, KFH Capital, Merril Lynch International, Mizuho International, Natixis, and SNB Capital.

IN CONTEXT- Big players kicked off 2026 with a debt issuance spree, with the Public Investment Fund raising USD 2 bn from a USD-denominated, 10-year sukuk issuance. Weeks earlier, Bank Albilad issued USD-denominated AT1, while each of Riyad Bank and Al Rajhi Bank raised USD 1 bn from sukuk issuances. Furthermore, the Saudi Telecom Company (STC) priced a USD 2 bn Reg-S dual-tranche sukuk offering.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

German giant Knauf moves for full control of United Mining Industries

German building materials giant Knauf International GmbH is set to acquire a 63.2% stake in United Mining Industries Company (UMI) for SAR 504.5 mn, UMI said in a disclosure to Tadawul. Substantial shareholders — Al Mojel Trading & Contracting, Al Muhaidib Group, and Rashed Developments — signed a share purchase agreement to sell their entire holdings (8.9 mn shares) for SAR 57 apiece through a private transaction.

What’s next? Upon completion, Knauf intends to submit a mandatory tender offer to acquire up to 100% of UMI’s share capital. The offer price will match the SAR 57 per share paid to the major shareholders, in line with the CMA Merger and Acquisition Regulations. The firm’s intention to launch the offer remains subject to regulatory approvals and reaching an understanding with UMI’s board.

Tags: