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Saudi Arabian Mining Company (Ma'aden) Announces the Completion of the Procedures of the Acquisition and the Effectiveness of the Acquisition of the entire share capital owned by Mosaic Phosphates B.V. in Ma'aden Wa'ad Al Shamal Phosphate Company
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by Saudi Arabian Mining Company (Ma'aden) ("Ma'aden Company") on the Saudi Stock Exchange (Tadawul) website on 11/06/1446H (corresponding to 12/12/2024G) in respect of the results of Ma'aden Company Extraordinary General Assembly Meeting, which approved the capital increase of Ma'aden Company and the issuance of the Ma'aden new shares for the purposes of the acquisition of the entire share capital owned by Mosaic Phosphates B.V. (in addition to Mosaic Company's Marketing Rights in its capacity as guarantor) in Ma'aden Wa'ad Al Shamal Phosphate Company (the “Acquisition ”), Ma'aden Company would like to announce the effectiveness of the Acquisition and the completion of other complementary steps of the deposit of the consideration shares in favor of Mosaic Netherlands Holding Company (as the designated recipient of the New Shares) and listing the new shared on 23/06/1446H (corresponding to 24/12/2024). For further information about the Acquisition, its impact and other matters related to it, please refer to the Shareholders’ Circular published by Ma'aden Company on 19/05/1446H (corresponding to 21/11/2024G). |
| Acquisition Procedures Conclusion Date | 2024-12-24 Corresponding to 1446-06-23 |
| Summary of Acquisition / Purchase | The Acquisition is represented by way on an acquisition by Ma'aden of the entire share capital owned by Mosaic Phosphates B.V. (in addition to Mosaic Company's Marketing Rights in its capacity as guarantor) in Ma'aden Wa'ad Al Shamal Phosphate Company in the amount of two hundred and ten million nine hundred and thirty-seven thousand and five hundred (210,937,500) shares, representing 25% of the share capital of Ma'aden Wa'ad Al Shamal Phosphate Company, through the increase of the share capital of Ma'aden Company from thirty six billion nine hundred seventeen million seven hundred thirty four thousand and three hundred and eighty Saudi Riyals (SAR 36,917,734,380) to thirty eight billion twenty seven million eight hundred fifty eight thousand and seven hundred and ten Saudi Riyals (SAR 38,027,858,710), which represents a (3.01%) increase in the current share capital of Ma'aden, and increasing the number of Ma’aden’s shares from three billion six hundred ninety one million seven hundred seventy three thousand and four hundred and thirty eight (3,691,773,438) ordinary shares to three billion eight hundred two million seven hundred eighty five thousand and eight hundred and seventy one (3,802,785,871) ordinary shares. |
| Related Parties | The Acquisition does not involve related parties. |
| Financial Impact | The financial impact of the Acquisition will be reflected in Ma'aden's consolidated financial statements for the year ended 31 December 2024. |
| Ownership and Legal Documents Transfer Conclusion Date | 23/06/1446 H (corresponding to 24/12/2024 G) |
The Capital Market Authority and Saudi 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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