London Stock Exchange celebrates Maaden’s debut sukuk
Saudi Arabian Mining Company (Maaden), the largest multi-commodity mining and metals company in the Middle East and one of the fastest growing in the world, marked its first international senior unsecured sukuk offering with a milestone Market Open ceremony at the London Stock Exchange. The Offering has become one of the most successful debut international sukuk offering in Saudi Arabia to date, being more than nine times oversubscribed, with orders exceeding US$ 11.5 billion. The strong investor demand underlines Maaden’s investment case and recognises its role as a key contributor to the development of the mining sector as the third pillar of the Saudi economy, in line with Vision 2030.
“The significant success of this inaugural international sukuk offering demonstrates the confidence and interest that investors have in Ma’aden’s growth. Such strong international investor demand, some of the highest seen in Saudi Arabia, is testament to global confidence in our strategic direction and the integral role we play in unlocking Saudi Arabia’s $2.5 trillion of untapped mineral potential. As we continue to deliver on our ambitious growth strategy, this funding will accelerate our efforts to secure essential minerals that drive the energy transition and long-term development. We remain committed to building a globally competitive mining sector as the third pillar of Saudi Arabia’s economy.”
Bob Wilt
CEO, Ma’aden
