Logo of Almasane Alkobra Mining Co. (AMAK)
Al Masane Al Kobra Mining Co. (AMAK) submitted today, May 21, a request to the Capital Market Authority (CMA) for a capital increase through a SAR 680 million rights issue. 
In a statement to Tadawul, the company said it will announce any further developments in this regard in due course.
Last February, AMAK’s board of directors recommended raising capital via a rights issue valued at SAR 680 million, according to Argaam’s data.
The company noted that the planned capital top-up aims to support its expansion plans, continue investments, and grow its investment portfolio.
Logo of Almasane Alkobra Mining Co. (AMAK)
Al Masane Al Kobra Mining Co. (AMAK) submitted today, May 21, a request to the Capital Market Authority (CMA) for a capital increase through a SAR 680 million rights issue.
In a statement to Tadawul, the company said it will announce any further developments in this regard in due course.
Last February, AMAK’s board of directors recommended raising capital via a rights issue valued at SAR 680 million, according to Argaam’s data.
The company noted that the planned capital top-up aims to support its expansion plans, continue investments, and grow its investment portfolio.
