AMAK gets CMA nod to appoint SNB Capital as market maker

One of AMAK facilities

Al Masane Al Kobra Mining Co. (AMAK) announced that the Capital Market Authority (CMA) approved on Aug. 4 the appointment of SNB Capital as market maker for the company’s shares, aiming to enhance stock liquidity.

 

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According to a statement to Tadawul, AMAK pointed out that SNB Capital will carry out market-making activities in accordance with the relevant regulations and guidelines, as of Aug. 5.

 

The appointment is valid for one year from the launch date of the market making activity and is renewable.

 

AMAK will announce any further developments in due course, the statement added.

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