Almasane Alkobra Mining Co. (1322)

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News

9 December 05:00 PM Ma’aden inks exploration license exchange agreement with Amak

Riyadh - Mubasher: Saudi Arabian Mining Company (Ma’aden) and Al Masane Al Kobra Mining Company (Amak) signed an agreement to exchange several exploration licenses, according to a press release. Under the deal, a group of exploration licenses …

Companies Investments

29 October 04:07 PM AMAK’s net profits leap 53% in 9M-25

Riyadh - Mubasher: Al Masane Al Kobra Mining Company (Amak) recorded an annual surge of 53.37% in net profits to SAR 209.65 million during the first nine months (9M) of 2025, compared with SAR 136.69 million. Earnings per share (EPS) climbed to …

Financial Results

28 April 05:08 PM Amak’s net profits cross SAR 55m in Q1-25

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) logged net profits worth SAR 55.23 million in the first quarter (Q1) of 2025, higher by 265.22% year-on-year (YoY) than SAR 15.12 million. Revenues jumped by 63.40% to SAR 219.77  million …

Financial Results

24 February 12:33 PM Amak’s net profits surge 226% in 2024; dividends for H2-24 proposed

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) recorded 225.92% higher net profits at SAR 177.89 million in 2024, versus SAR 54.58 million a year earlier. Revenues hiked by 60% year-on-year (YoY) to SAR 780.64 million in 2024 from SAR …

Cash Dividends

22 January 09:39 PM Amak elects new board for 2025-2029 term; Aballala becomes Chairman

Riyadh – Mubasher: Almasane Alkobra Mining Company (Amak) has formed its board of directors for the 2025-2029 term, building on the ordinary general assembly meeting on 26 December 2024. Amak appointed Mohammed Manea Aballala as the Chairman of …

Board of Directors

30 October 2024 01:12 PM Amak registers 181% higher net profits in 9M-24

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak)logged net profits valued at SAR 136.69 million in the first nine months (9M) of 2024, up 181.01% year-on-year (YoY) from SAR 48.64 million. Revenues amounted to SAR 553.76 million in …

Financial Results

5 August 2024 03:46 PM Amak’s net profits leap 77% in H1-24

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) posted a 77.02% year-on-year (YoY) jump in net profit to SAR 76.94 million during the first half (H1) of 2024, compared to SAR 43.46 million. The revenues amounted to SAR 337.81 million …

Financial Results

7 July 2024 00:38 PM Amak appoints news Acting CEO

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) ended the contract of Christopher Gerard Warwick, the Acting CEO of AMAK. The board members named Nihat Soyer as an Acting CEO of Amak on 4 July 2024, according to a bourse disclosure. …

Corporate Actions

5 May 2024 04:40 PM Amak logs 54% YoY profit decline in Q1-24

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) posted a 53.96% year-on-year (YoY) decrease in net profit to SAR 15.12 million in the first quarter (Q1) of 2024 from SAR 32.85 million. Revenues declined by 5.96% YoY to SAR 134.49 …

Financial Results

5 March 2024 02:55 PM Amak records SAR 54.5m net profits in 2023

Riyadh – Mubasher: The net profits of Al Masane Al Kobra Mining Company (Amak) plunged by 56.79% to SAR 54.58 million in 2023 from SAR 126.33 million a year earlier. Amak recorded an annual drop of 16.28% in revenue to SAR 487.89 million as of 31 …

Financial Results

7 January 2024 10:29 AM Amak to pay SAR 57.5m dividends for H2-23

Riyadh – Mubasher: The board members of Al Masane Al Kobra Mining Company (Amak) greenlighted cash dividends worth SAR 57.48 million for the second half (H2) of 2023, according to a bourse filing. A dividend of SAR 0.65 per share, equivalent to …

Board of Directors

4 December 2023 04:50 PM Amak to appoint Acting CEO after Al Shangiti’s departure

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) announced that its CEO, Yahiya bin Mohammed Al Shangiti, will step down from his position on 31 December 2023 due to the expiration of his employment contract. The company will delegate …

Corporate Actions

2 November 2023 05:24 PM Amak’s net profits shrink over 53.5% in 9M-23

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) recorded 53.60% lower net profits after Zakat and tax at SAR 48.64 million during the first nine months (9M) of 2023, versus SAR 104.82 million in 9M-22. Revenues declined by 12.80% to …

Financial Results

6 August 2023 02:13 PM Amak’s net profit in H1-23 plummets 47% on metals value, volume

Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) posted a 47.14% annual decline in net profit after Zakat and tax to SAR 43.46 million during the first half (H1) of 2023 from SAR 82.22 million. The earnings per share (EPS) decreased to …

Financial Results

31 May 2023 09:55 AM Amak unveils dividends worth nearly SAR 65m for H1-23

Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (Amak) decided to disburse cash dividends worth SAR 64.79 million for the first half (H1) of 2023, according to a bourse disclosure. The firm will pay out SAR 1 per share, equivalent …

Board of Directors

16 May 2023 10:44 AM Amak registers SAR 33m net profits in Q1-23

Riyadh – Mubasher: Almasane Alkobra Mining Company (Amak) recorded an annual decline of 21.39% in net profit after Zakat and tax to SAR 32.85 million during the first quarter (Q1) of 2023, versus SAR 41.81 million. Amak generated revenues …

Financial Results

16 April 2023 02:25 PM CMA approves capital increase for 2 listed mining companies

Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) passed the requests of Saudi Arabian Mining Company (Ma’aden) and Almasane Alkobra Mining Company (Amak) to raise their capital by issuing bonus shares. Ma’aden aims to increase its …

Corporate Actions

7 March 2023 01:11 PM Amak achieves 36% lower net profits in 2022

Riyadh – Mubasher: Almasane Alkobra Mining Company (Amak) logged net profits after Zakat and tax worth SAR 126.33 million in 2022, lower by 35.96% than SAR 197.26 million a year earlier. Revenues edged down by 0.66% year-on-year (YoY) to SAR …

Financial Results

23 January 2023 00:31 AM Amak obtains regulatory nod to explore gold in Aseer

Riyadh – Mubasher: Almasane Alkobra Mining Company (Amak) received a licence from the Saudi Ministry of Industry and Mineral Resources to explore gold in Aseer province, according to a bourse disclosure. The licence was issued on 18 January 2023 …

Companies Investments

9 January 2023 05:03 PM Amak obtains exploration licence from Saudi government

Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources has licensed Almasane Alkobra Mining Company (Amak) to explore gold, zinc, and copper in Aseer province. Under the licence that was issued on 2 January 2023, Amak will explore …

Companies Investments

15 November 2022 01:49 PM Amak’s board proposes 6% of capital as dividends for Q3-22

Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (Amak) recommended cash dividends worth SAR 38.84 million, representing 6% of the capital, for the third quarter (Q3) of 2022. The Tadawul-listed firm would disburse SAR 0.60 per …

Board of Directors

1 November 2022 04:47 PM Amak’s profits near SAR105m in 9M-22 interim financials

Riyadh – Mubasher: The net profits after Zakat and tax of Almasane Alkobra Mining Company (Amak) amounted to SAR 104.82 million in the first nine months (9M) of 2022, an annual drop of 22.10% from SAR 134.57 million. Revenues stood at SAR 427.90 …

Financial Results

10 August 2022 06:13 PM Amak’s profits down 11% in H1-22 initial results

Riyadh – Mubasher: Almasane Alkobra Mining Company (Amak) posted an 11.35% drop in net profit after Zakat and tax to SAR 82.22 million during the first half (H1) of 2022, compared to SAR 92.75 million in H1-21. The Saudi company’s revenues …

Financial Results

21 July 2022 04:44 PM Amak eyes nearly 36.5% capital hike via bonus shares

Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (Amak) has recommended a 36.36% capital increase by granting one bonus share for every 2.75 owned shares. Amak intends to capitalise SAR 240 million from the share premium account, …

Management Decisions

21 July 2022 03:13 PM Amak’s board recommends 20% of capital as dividends for H1-22

Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (Amak) has proposed a cash dividend distribution of SAR 2 per share for the first half (H1) of 2022. The listed firm would disburse SAR 129.08 million, representing 20% of the …

Board of Directors