Saudi Arabia .. “Amak” shares has risen to the highest price in 7 weeks

The shares of the Great Factories Company for Mining, “Makek” listed and traded in the Saudi market “Tadawul”, increased by 7.49% at the end of trading today, Thursday, the last week sessions, to trade at the price of 68.9 riyals per share.

Trading on the share of Amak at that time through 7.128 trading operations, at 1.65 million shares with a trading value of 111.48 million riyals.

The highest price for the share was at 69.8 riyals, while the lowest price was at 64.4 riyals per share, to touch the share in the highest price in 7 weeks.

The Great Factories for Mining, “Amak” is one of the most prominent mining companies in the Kingdom of Saudi Arabia, and it was established 2008 and operates two main mine, the factory mine and the Qiyan mine.

The factory mine is located in the main factories mining camp, and it produces copper, zinc, silver and gold bars. On the other hand, the Qanan mine is about 12 km from the factories mine, and it results in gold and silver alloys.

The company operates under the Kingdom of Saudi Arabia’s 2030 vision and aims to enhance its position in the mining industry by expanding development and exploration in new sites. The company’s 2025 plans include expanding development operations for existing mines and enhancing its productivity and operational efficiency.

The company recently completed the scheduled periodic maintenance of the centers processing manufacturers and zinc for a factory mine processor, a ovarian mine processor, and the resumption of operations in factories as of Tuesday 4 February 2025.

Periodic maintenance work was completed during the scheduled stopping period, which is expected to positively affect the efficiency of factories and enhance their reliability, in order to support the achievement of the company’s future operational plans, and expected that the financial impact of this will appear in its financial results for the first quarter of 2025.