Reuters: Financial Services and Real Estate: Saudi's Maaden receives commitments for $1.87 bln loan

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Saudi's Maaden receives commitments for $1.87 bln loan Jun 2nd 2012, 06:37 JEDDAH, Saudi Arabia, June 2 | Sat Jun 2, 2012 2:37am EDT JEDDAH, Saudi Arabia, June 2 (Reuters) - Saudi Arabian Mining Company (MAADEN) has received bank commitments for its 7 billion riyal ($1.87 billion) Murabaha revolver loan with a tenure of five years, the firm said in a statement to the bourse on Saturday. "The deal was oversubscribed 2.5 times," it said. The subscribing banks are National Commercial Bank, Samba Financial Group, Riyad Bank, Banque Saudi Fransi, Saudi British Bank (SABB), Al Rajhi Bank, Bank Al Jazeera, J.P. Morgan, Arab National Bank, Bank Al Bilad, and Saudi Investment Bank. (Reporting by Asma Alsharif)

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