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Saudi Arabian Mining Company (Ma’aden) announces the appointment of financial advisors to manage a capital increase through debt conversion into new shares.

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Announcement Detail Further to the announcement of Saudi Arabian Mining Company (Ma’aden) (the “Company”) made on 23/10/1440H (corresponding to 26/06/2019G, the Company announces the appointment of HSBC Saudi Arabia and Riyad Capital to manage the proposed capital increase through debt conversion into new shares from 23/10/1440H (corresponding to 26/06/2019G .

The Company’s Board member Engr. Abdullah Al-Issa chairs Riyad Bank Board , which owns Riyad Capital. Also, Mrs. Lubna Al-Olayan Chairs SABB bank, which is a shareholder of HSBC Saudi Arabia.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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