Almasane Alkobra Mining Co. (Saudi Arabia)

The principal activity of the Company is to produce zinc and copper concentrates and silver and gold dore.
The Company has two mines namely Al Masane underground mine and Mount Guyan mine. The Company is expanding its current activity by further developing the Moyeath orebody development project for the purpose of increasing the productive capacity of Al Masane underground mine.

The Company s vision is to be the private leading mining company in Saudi Arabia and the GCC region with sustainable value created for all stakeholders including shareholders, employees, the communities it operates in, contractors and suppliers
The Company s mission is to continue to create long-term and sustainable value through exploration, discovery, and development of mining projects which will add value to Vision 2030 aspiration. AMAK is aligned to a long-term strategy of investing in local and regional mining projects with a track record of strong financial and operational performance.
The Company s Objectives is to contribute to empowering the national economy, utilizing the mineral assets in the kingdom of Saudi Arabia, and to dedicate our endeavors to make the mining industry one of the economic growth pillars in the Kingdom, in line with the Kingdom vision 2030, through expanding the company scope of operations across the region
Through exploration, discovery, and development of mining projects which will add value to Vision 2030 aspiration. AMAK is aligned to a long-term strategy of investing in local and regional mining projects with a track record of strong financial and operational performance
The Company s Values are Safety , Integrity ,Continuous Improvement , Teamwork .
In 2010 : Establishment Al Masane Copper Zinc Underground Mine and Process Plant.
In 2012 : The start of the commercial production of copper and zinc concentrates.
In 2016 : Care and maintenance to set up owner mining teams.
In 2017 : Restarting of the commercial byproduct of gold and silver, dore, as a byproduct of zinc and copper streams.
In 2019 : Inauguration of a new underground portal to reach the third mining zone Moyeath.
In 2021 : The start of the production of gold from Guyan Mine and increase of total gold production.
The Company was incorporated in October 21, 2007.
The Company was listed on saudi stock exchange in March 29, 2022.
On 18 November 2021 (corresponding to 13 Rabi Al-Thani 1443H), the shareholders of the Company, in an extraordinary general meeting, passed a resolution to increase the Company's share capital from SR 563,288,650 to SR
660,000,000 as part of the IPO process. The legal formalities in this regard have been completed on 23 March 2022 (corresponding to 20 Sha'ban 1443H). The total proceeds received from the IPO subscription were SR 609,281,503, out of which SR 96,711,350 has been recorded as an increase in share capital and the remaining balance of SR 512,570,155 has been recorded as share premium before deducting transaction cost amounting to SR 3,980,404.
During 2015, the registered office of the Company was relocated from Jeddah to Najran. Accordingly, Najran Commercial Registration No. 5950017523 dated 3 Duh Al-Qi'dah 1431H (corresponding to 11 October 2010) was modified to be main Commercial Registration. During 2021, the Company obtained commercial registration number 5950123986 dated 22 Dhu Al-Hijjah 1442H (corresponding to 1 August 2021) of a new branch in Najran.