Saudi Arabian miner Ma’aden eyes $5 bln Wadi al-Shamal debt refinancing

by FaceDXB

DUBAI, Dec 5 (Reuters) – Saudi Arabian Mining Co (Ma’aden) is considering full or partial refinancing of debt it raised for the Waad al-Shamal project, which is about $5 billion in total, its chief executive said on Thursday.

“We are looking at different options, whether we refinance the whole thing or partially. We are still in the early stages on that one. Our goal is to do it next year,” Ma’aden CEO Darren Davis told reporters on the sidelines of a conference in Dubai.

Editing by Davide Barbuscia and David Goodman

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