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Maaden-Alcoa Joint Ventures Secure SR7.9 Billion Financing Deals
Saudi Press Agency Published in Saudi Press Agency on 21 - 12 - 2010

Saudi Arabian Mining Company "Maaden" said Monday its two joint ventures with Alcoa Inc. signed financing contracts worth $2.1 billion (SR7.9 billion)with the Public Investment Fund (PIF).
PIF will lend Maaden Aluminum Company $1.3 billion, and Maaden Rolling Co. $821 million, Maaden said in a statement posted on the Saudi bourse website.
“The loan is part of financing the Maaden Aluminum Company and Maaden Rolling Company, both of which own 74.9 percent by Maaden and 25.1 percent by Alcoa,” Maaden's President and Chief Executive Officer Abdullah Dabbagh said.
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