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FINANCIAL NEWS
Saudi Maaden receives USD199.85m financing
04 Apr 2015
(MENAFN) Maaden Barrick Copper Company has concluded an agreement with the Saudi British Bank (SABB) to finance its copper project in Jabal Sayid for the amount of USD199.85 million, Arab News reported.
This financing confirms Maaden’s continued ability to obtain competitive financing terms from the market to meet its ongoing financial need, Maaden SVP for Finance and CFO said.
The new murabaha financing facility would be important in providing the remaining funding required for completing the Jabal Sayid project and in adding copper to Maaden’s existing portfolio of products.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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