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