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Al Masane Al Kobra Mining Company’s (AMAK) board of directors has approved the establishment of a wholly owned subsidiary that will specialise in drilling and exploration services.
The new subsidiary, headquartered in Najran city, will have a capital of 100 million Saudi riyal ($26.66), the mining company said in a statement to the Saudi stock exchange.
The subsidiary’s establishment is subject to obtaining the necessary approvals and licenses from the relevant authorities.
The initiative is part of AMAK’s strategy to develop its operational activities and support future investments.
In November 2025, the company announced the discovery of potentially economic copper, zinc, gold, and silver resources within one of its exploration licenses in the Najran region.
AMAK signed an agreement with the Saudi Arabian Mining Company (Maaden) in December 2025 to exchange several exploration licenses.
(Editing by Anoop Menon)
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