MAADEN’S AFFILIATE SIGNS A FINANCING AGREEMENTS WITH THE SIDF

Further to the companys announcement on Tadawul on 02/01/1433 (corresponding to 27/11/2011, Saudi Arabian Mining Company (Maaden) announces that its subsidiary, Maaden Bauxite and Alumina Company, has signed today 25/03/1435 (corresponding to 26/01/2014) financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project. The financing agreement is for a total amount of SAR 900 million (USD 240 million). The loan will be repaid in 15 semi-annual unequal repayments starting from 09 July 2017 and will continue for 7 and a half years. Shareholders financial guarantee and the pledge of the assets of Maaden Bauxite and Alumina Company are provided to SIDF.

With this agreements, the financing of the phase two of the project is completed. Any material developments will be announced in due time.