AMAK Honored with the Corporate Governance Excellence Award 2024
In a new achievement that reinforces its institutional excellence and its position as one of the leading mining companies listed on the Saudi Exchange, Almasane Alkobra Mining Company (AMAK) has been awarded the Corporate Governance Excellence Award 2024 by the Corporate Governance Center at Alfaisal University during the Fourth Annual Corporate Governance Conference held in Riyadh.
The recognition follows AMAK’s selection among the top non-financial companies listed on the Saudi Exchange (Tadawul) based on the 2024 Corporate Governance Index, which evaluates companies across four key pillars: board effectiveness, shareholders’ rights, disclosure and transparency, and stakeholders’ rights. The assessment is aligned with the principles of the Capital Market Authority (CMA) and the Organisation for Economic Co-operation and Development (OECD).
This achievement reflects AMAK’s steadfast commitment to strengthening transparency, protecting shareholders’ rights, and reinforcing trust with investors and stakeholders. It also supports long-term sustainability and value creation in alignment with the objectives of Saudi Vision 2030.
Commenting on the award, Geoffrey Day, Chief Executive Officer of AMAK, said: “Receiving this award is a moment of great pride for all of us at AMAK. Good governance is not simply a regulatory requirement; it is a core principle that guides how we operate, make decisions, and create sustainable value for our shareholders and stakeholders. In recent years, we have strengthened transparency, enhanced board effectiveness, and aligned our practices with leading global standards. Embedding ESG standards across our operations and investment strategy remains central to our commitment to sustainability and responsible resource management. Alongside the significant developments we have achieved — including expanding our exploration portfolio and deepening our strategic partnership with Ma’aden — this recognition underscores the strength of our strategy and the discipline with which we execute it. We remain committed to responsible growth and to supporting the ambitions of Vision 2030 as one of the Kingdom’s mining sector leaders.”
The award comes at a time of notable strategic progress for AMAK, including the expansion of its exploration portfolio through newly acquired licenses, the signing of an agreement with Ma’aden to exchange and transfer a number of exploration licenses, and the continued enhancement of its mineral resources and operational capabilities to support future growth.
Almasane Alkobra Mining Company (AMAK) is one of Saudi Arabia’s leading mining companies listed on the Saudi Exchange (Tadawul). The company is engaged in the exploration, development, and production of copper and zinc concentrates, gold dore’ and silver through a diversified portfolio of mining assets located in the southwest region of the Kingdom. AMAK continues to expand its operations through new exploration licenses and strategic partnerships. The company is committed to operational excellence and the responsible development of natural resources. With recent new discoveries and an expanded exploration portfolio, AMAK remains focused on executing its long-term strategy to create sustainable value for shareholders and strengthen its role in shaping the future of the Kingdom’s minerals sector.
