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Saudi CMA OKs Amak's Proposed SAR680 Million Rights Issue

MT Newswires·10/06/2026 00:38:24
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12:38 AM EDT, 10/06/2026 (MT Newswires) -- Almasane Alkobra Mining Co. (SASE:1322), d/b/a Amak, secured the Saudi Capital Market Authority's approval to increase its capital through a rights issue worth 680 million Saudi riyals. The Saudi mining company said Monday that the offering price and number of shares will be determined later. Eligible shareholders will include those registered as of the closing of the second trading day following Amak's extraordinary general assembly meeting, the date of which has yet to be set.