{"id":79798,"date":"2026-06-03T14:04:47","date_gmt":"2026-06-03T11:04:47","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/amak-launches-advance-drilling-co-2\/"},"modified":"2026-06-03T14:05:05","modified_gmt":"2026-06-03T11:05:05","slug":"amak-launches-advance-drilling-co-2","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/amak-launches-advance-drilling-co-2\/","title":{"rendered":"AMAK Launches Advance Drilling Co for Mining Exploration"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Al Masane Al Kobra Mining Company (AMAK) has established a new wholly owned subsidiary named Advance Drilling Co to accelerate its exploration activities in the Saudi <a href=\"\/category\/economy\/\">mining sector<\/a>. The simplified joint stock company is headquartered in the <a href=\"\/category\/tourism\/\">Najran<\/a> region with an authorized capital of SAR 100 million.<\/p><h2 class=\"wp-block-heading\">Establishment of Advance Drilling Co<\/h2><p class=\"wp-block-paragraph\">The newly formed entity has a paid-up capital of SAR 40 million. It will focus on supporting AMAK&#8217;s internal exploration programs while offering professional drilling services to other local and international mining firms operating within the Kingdom.<\/p><h2 class=\"wp-block-heading\">Strategic Objectives and Services<\/h2><p class=\"wp-block-paragraph\">The launch of the subsidiary aligns with AMAK&#8217;s growth strategy introduced in September 2024. This strategy focuses on strengthening capabilities across the mining value chain, improving control over exploration timelines, and converting resources into production.<\/p><p class=\"wp-block-paragraph\">By establishing this in-house capability, the parent company aims to improve operational efficiency and flexibility. Meanwhile, the subsidiary will operate as an independent service provider for the broader Saudi Arabian mining market.<\/p><h2 class=\"wp-block-heading\">Alignment with Saudi Vision 2030<\/h2><p class=\"wp-block-paragraph\">This strategic expansion supports Saudi Vision 2030, which designates the mining sector as the third pillar of the national industrial base. The establishment of Advance Drilling Co addresses the growing demand for specialized drilling services in the local market.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;Exploration is at the core of sustainable mining growth. By bringing drilling capabilities in-house, we gain flexibility, speed, and cost efficiency in executing our exploration programs. Advance Drilling Co positions AMAK to unlock value from its resource base more effectively and supports our ambition to scale operations in line with our long-term strategy.&#8221;<\/p><cite>Geoff Day, CEO of AMAK<\/cite><\/blockquote><h2 class=\"wp-block-heading\">Future Operational Outlook<\/h2><p class=\"wp-block-paragraph\">The subsidiary will utilize AMAK&#8217;s operational track record to implement safety and efficiency standards in its drilling operations. This development supports AMAK&#8217;s initiatives to expand its resource base and develop new mines, while enhancing operational performance across its portfolio.<\/p><p class=\"wp-block-paragraph\">Furthermore, the initiative contributes to the development of an integrated national mining sector. The company will offer its services to any external organization requiring professional exploration drilling services in the region, thereby supporting broader economic diversification.<\/p>","protected":false},"excerpt":{"rendered":"<p>AMAK has established Advance Drilling Co, a wholly owned subsidiary with SAR 100 million capital, to provide exploration drilling services in Saudi Arabia.<\/p>\n","protected":false},"author":2,"featured_media":79797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"{\"x_hook\":\"AMAK launched Advance Drilling Co with SAR 100M capital to accelerate mining exploration services across Saudi Arabia.\",\"x_takeaways\":\"Key Details:\\n\ud83d\udd39 Wholly owned subsidiary established with SAR 100 million capital\\n\ud83d\udd39 Headquartered in Najran to provide exploration drilling services\\n\ud83d\udd39 Aligns with Saudi Vision 2030 mining sector development goals\\n\ud83d\udd39 Offers professional drilling services to local and global firms\"}","_yoast_wpseo_opengraph_title":"AMAK Launches Advance Drilling Co for Mining Exploration","_yoast_wpseo_opengraph_description":"AMAK has established a wholly owned subsidiary, Advance Drilling Co, with SAR 100 million capital to support the Saudi mining sector.","_yoast_wpseo_opengraph_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/06\/advance-drilling-co-mining-exploration.webp","_yoast_wpseo_opengraph_image_id":79797,"_yoast_wpseo_twitter_title":"AMAK Launches Advance Drilling Co for Mining Exploration","_yoast_wpseo_twitter_description":"AMAK has established a wholly owned subsidiary, Advance Drilling Co, with SAR 100 million capital to support the Saudi mining 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