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Almasane Alkobra Mining Company (AMAK) announces the Board's Recommendation to Increase the Capital by Offering Rights Issue Shares
| Element List | Explanation |
|---|---|
| Introduction | Almasane Alkobra Mining Company (AMAK) announces the recommendation of its Board of Directors to increase the Company's capital offering rights issue shares. |
| Date of Board Meeting | 2026-02-16 Corresponding to 1447-08-28 |
| Target Amount | SAR 680,000,000 |
| Reasons for the increase | The rights issue offer will allow the Company to support its expansion plans and continue to invest in the growth of its portfolio. |
| Eligibility date | Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the offer of rights issue was resolved whose names appear in the register of the issuer’s shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting. |
| Approvals | The approvals of the relevant competent authorities and the Extraordinary General Assembly. |
| Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA | On 28/08/1447 AH, corresponding to 16/02/2026 AD, the Board of Directors approved the appointment of Al Rajhi Capital as a Financial Advisor for the offering and to provide advice on the capital increase and its restructuring, and to prepare the relevant documents in accordance with the regulatory requirements. An Announcement will be made when the capital increase request file is submitted to the Capital Market Authority for its approval. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Company Performance
Key Parameters
Last Price 94.15
Net Change 4.85 (+5.43%)
Value Traded (Sar) 29,628,382.25
Volume Traded 320,113
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