- JEDDAH: State-controlled Saudi Arabian Mining Co.
- (Maaden) said its board had agreed on a $4.5 billion financing plan for the first phase of a joint aluminum plant with US firm Alcoa.
The financing will be provided by a group of local and foreign banks, as well as Saudi Arabia's Public Investment Fund and the Industrial Investment Fund, the Saudi firm said. It gave no details of the terms of the deal.

