Ma'aden Phosphate Company, a subsidiary of Saudi Arabian Mining Company (Ma'aden) has issued a sukuk for SAR3.5bn ($93.2m). The company said it had been granted the right to sell its phosphate assets in Australia and New Zealand as part of an agreement with the Australian government.
Ma'aden Phosphate Company, a subsidiary of Saudi Arabian Mining Company (Ma'aden) has issued a sukuk for SAR3.5bn ($93.2m). It said the issuance, offered to commercial banks and financial institutions, while proceeds will be used to pay down some of Ma'aden's debt.