MINING-

Al Masane Al Kobra Mining Company (Amak) discovered an estimated 11 mn tons of copper, zinc, gold, and silver within an exploration concession in Najran, it said in a disclosure to Tadawul. This followed the drilling of more than 27k meters since February 2025, accounting for less than 10% of the licensed land.

More in the pipeline: Amak plans to continue geophysical studies, carry out additional drilling, and turn its exploration license into a mining license next year. It also aims to release its first JORC-compliant resource estimate in 1H 2026.

ICYMI- Amak received three exploration licenses in May, granting it rights to search for base and precious metals in Jabal Ad Dimah, Jabal Al Klah North, and Jabal Al Klah South until 2030.

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M&A WATCH-

Gas to acquire minority stakes in EagleBurgmann, TCR Arabia: Gas Arabian Services signed binding agreements to buy from its major shareholder, Future Prospects for Operation and Maintenance, a 12.9% stake in EagleBurgmann Saudi Arabia for SAR 48.7 mn and a 40% stake in TCR Arabia for SAR 17.1 mn, it said in a disclosure to Tadawul (pdf). Both stakes will be purchased at a 15% discount to their valuations.

Gas will fund the agreements internally and make the payments within 90 working days following the transfer of shares and all regulatory approvals.

LOGISTICS-

Home furnishing company Abyat inaugurated a regional logistics center at King Abdulaziz Port in Dammam with over SAR 100 mn in investment, according to a statement from the Saudi Ports Authority (Mawani). The facility spans more than 110k sqm and includes a 40k sqm customs deposit area designed to speed up clearance, improve cargo flow, reduce transit times, and lower costs.

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