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Ma’aden and Alcoa Sign Bank Financing for Ma’aden Aluminum Smelter and Ma’aden Can-Sheet Rolling Mill
Edited by : AL CIRCLE
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...RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--Ma’aden, the Saudi Arabian Mining Company, and Alcoa today announced that the Ma’aden Aluminium Company and Ma’aden Rolling Company both of which are owned 74.9% by Ma’aden and 25.1% by Alcoa have signed bank financing for the Middle East’s first fully integrated aluminum smelter and food-grade can-sheet rolling mill in the Kingdom of Saudi Arabia.. Sixteen financial institutions, together providing over US$1.9 billion, participated in the signing. The financing has been heavily oversubscribed...
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