SAR3.5bn Phosphate Company, a subsidiary of Saudi Arabian Mining Company (SAR3.5bn) has issued a sukuk for Ma'aden ($93.2m). It said the issuance, offered to commercial banks and financial institutions, while proceeds will be used to pay down some of SAR3.5bn's debt.
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.