Riyadh – Mubasher: Ma'aden Phosphate Company, the joint venture between the Saudi Arabian Mining Company (Ma'aden) and Saudi Basic Industries Corporation (SABIC), has signed financing agreements worth SAR 11.5 billion ($3.1 billion) with a number of major commercial national, and global banks.
The institutions that participated in the financing agreements include Al Rajihi Bank, National Commercial Bank, Riyad Bank, Banque Saudi Fransi, Bank of Tokyo Mitsubishi UFJ, The Saudi British Bank, Export Development Canada, Bank Al Jazira, Samba Financial Group, SMBC Europe Limited, BNP Paribas (Bahrain) and Natixis
The loan will be repaid over 7-year period in 13 installments, the company noted.
