Saudi mining growth is accelerating across the kingdom because Almasane Alkobra Mining Company moves to strengthen its balance sheet. Furthermore, the miner, known as Amak, plans to raise fresh capital to fund expansion projects. Consequently, executives say Saudi mining growth creates strong momentum for new discoveries and production gains.
Recently, Amak announced plans to increase its capital through a SAR680 million rights issue. In addition, the company will offer new shares to existing investors to finance exploration and development. Leaders believe that this capital injection will position the firm for long-term expansion.
Meanwhile, Al Rajhi Capital will advise on the transaction. Management also expects the offering to support drilling programs and infrastructure upgrades. Moreover, the company aims to scale operations in mineral-rich areas in the south.
In November, Amak reported new mineral discoveries in the Najran region. These findings included copper, zinc, gold, and silver deposits. Therefore, executives said these reserves expand the company’s resource base significantly.
Earlier, authorities granted exploration licenses for the Al Hijra and Jabal Qarn sites. These areas cover 274 square kilometers in Najran. As a result, the licenses strengthen Amak’s foothold in promising geological zones.
Saudi mining growth continues to reshape the broader sector. Specifically, officials reported a sharp rise in mining licenses during 2025. In addition, investment in newly licensed projects exceeded SAR44 billion.
In January, the government awarded exploration contracts to 24 companies. Consequently, the awards marked the largest licensing round to date. Moreover, policymakers aim to diversify the economy beyond oil revenues.
Furthermore, industry leaders outlined ambitious spending plans. Executives at Maaden announced a long-term capital program valued at $110 billion. They also described it as the largest investment drive in mining history.
Meanwhile, the Arabian Shield region attracts rising global interest. The vast geological formation spans about 600,000 square kilometers. Experts also estimate it holds mineral wealth worth $2.5 trillion.
Saudi mining growth reflects stronger policy support and investor appetite. As a result, companies now compete aggressively for exploration opportunities. Likewise, investors respond positively to expansion strategies and resource upgrades.
Amak’s share price rose 0.8 percent to close at SAR102.80 on Monday. In fact, the stock has surged 89 percent since the start of the year. Market analysts attribute the rally to expansion plans and higher commodity demand.
Finally, company leaders plan to channel new funds into drilling and processing capacity. They also want to accelerate output and boost efficiency. Therefore, Saudi mining growth now stands at the center of Amak’s long-term strategy.
