Saudi Company for Mining Services Initiative

Achieving a social impact by raising the level of companies' commitment to environmental, health and safety standards to serve staff in the sector and neighboring local communities. Also, achieving an economic impact by raising the level of financial commitment to obtain state revenues.

Maximizing and benefiting from the realizable value of the mining sector.

• Establishing the Saudi Company for Mining Services with a capital to support establishing and operating for two years.

• Developing inspection and control mechanisms to follow up on mining activities.

• Creating a mechanism for the sector’s financial returns validation and ensuring investors' compliance with this mechanism in the sector.