Saudi miner Amak sees 22% profit drop amid $333m IPO : vimarsana.com

Saudi miner Amak sees 22% profit drop amid $333m IPO

RIYADH: Al Masane Al Kobra Mining Co. has recorded a 22 percent profit drop for the first nine months of 2022, after making a strong debut on the Kingdom’s stock market earlier this year. Amak posted SR105 million ($28 million) in profit, down from SR135 million in the same period last year, it said in a bourse filing. The lower profits were attributed to IPO-related costs and

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