Maaden secures USD 1 bn in international syndicated financing

Maaden has completed arrangements for its first international syndicated term loan and revolving credit facility, with a combined value of USD 1 bn, backed by international banks across the US, Canada, Europe, China, and Japan, the company said in a press release.

The details: The financing comprises a USD 500 mn term loan to support Maaden’s strategy, growth plans, and general corporate purposes, including expansion projects across its business segments. The company also secured a USD 500 mn revolving credit facility, which is expected to remain undrawn and provide committed additional funding capacity.

REMEMBER- Maaden is accelerating its expansion plans and developing a pipeline of growth projects, including phosphate and aluminum expansions as well as gold and exploration projects, creating a need for long-term funding alongside operating cashflows. The new financing, meanwhile, comes as the company ramps up capital spending, with 1H 2026 EBITDA at around SAR 7.8 bn, giving it a solid earnings base to support additional borrowing.