Middle East Economic Survey


No 43


Saudi Banks Dominate Oversubscribed $3.6Bn Ma'aden Project Financing

The Saudi Arabian Mining Companys (Ma'adens) $3.6bn project financing has come in four times oversubscribed, with Saudi banks illustrating their considerable liquidity by dominating the line-up of participating banks. Signed on 16 October, the financing is for the second phase of the companys $10.8bn integrated aluminum project, which is being implemented as a joint...