RPT-Subsidiary of Saudi Arabia's Ma'aden amends loan terms | Reuters:
Saudi Arabian Mining Company (Ma’aden) said its subsidiary Ma’aden Bauxite and Alumina Company (MBAC) refinanced loans totalling 7.75 billion riyals ($2.1 billion) on improved terms.
State-controlled Ma’aden said MBAC had agreed with the Public Investment Fund (PIF) to amend the terms of an existing 3.75 billion riyal loan provided by the kingdom’s sovereign wealth fund.
Under the new arrangement, the loan, which has been reduced to 3.51 billion riyals through repayments, will have a maturity of 14 years, it said.
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