First published: 22-Jan-2026 11:38:43

Staff Writer

Saudi Arabian Mining Company (Maaden) is marketing a 10-year dollar-denominated senior sukuk with IPTs in the 135bps area over US Treasuries.

The Saudi Tadawul-listed company has mandated Albilad Investment Company, Al Jazira Capital Company, Arab Banking Corporation, Bank of China Limited, Hong Kong Branch, BNP PARIBAS, Citigroup Global Markets Limited, Goldman Sachs International, HSBC Bank, JP Morgan Securities, KFH Capital Investment Company, Merril Lynch International, Mizuho International plc, Natixis and SNB Capital Company as joint lead managers on the issuance.

Ma’aden Sukuk is listed as the issuer, with Saudi Arabian Mining named obligor.

The Regulation S sukuk has an expected rating of Baa1/BBB+ (Moody’s/Fitch), in line with the obligor. 

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), owns a 63.78% majority stake in Maaden.

(Writing by Bindu Rai, editing by Seban Scaria)

bindu.rai@lseg.com

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