Meshary Al-Ali, CEO of Golden Compass Mining Services Company, revealed his company’s intention to offer its shares for public subscription on the Saudi Stock Exchange next year.
He pointed out in an interview with Al-Sharq, on the sidelines of the third Future Minerals Forum held in the capital, Riyadh, that “Golden Compass”, which specializes in the field of mining, especially exploratory drilling, as it has more than 40 rigs, aspires to be within the “TASI 50” index. For the largest Saudi companies after being listed on the stock exchange in 2025.
Al-Ali said it is likely that the mining sector in the Kingdom will witness a qualitative leap in light of the Ministry of Industry and Mineral Resources granting many licenses to companies for exploration, in addition to legislation, government support, and infrastructure, in light of the great demand from foreign companies.