Latest Saudi Arabia News

Sierra Nevada Gold (ASX: SNX) reports 60% completion of its Phase 1 drilling at the As Safra copper-gold project in Saudi Arabia, with promising geological signs and ongoing government backing.

Beamtree Holdings has appointed Gareth Pye as its new CEO, aiming to pivot towards stronger operational execution and commercial focus amid ongoing international expansion.

Sierra Nevada Gold (ASX: SNX) has appointed Adam Oehlman as CEO to lead its next growth phase, focusing on advancing a three-rig drilling campaign in Saudi Arabia and trial mining in Nevada.

Peako Limited is set to acquire a substantial gold exploration portfolio in Saudi Arabia’s emerging Central Arabian Gold Region, backed by a $5.17 million placement to fund near-term drilling and exploration.

Chrysos Corporation has refinanced its debt with a $200 million syndicated facility, enhancing financial flexibility to accelerate manufacturing and deployment of its PhotonAssay technology worldwide.

Burger Fuel Group reported a 91.8% surge in net profit to NZD 1.97 million for FY26, driven by sales growth, reduced legal costs, and a one-off store sale gain, despite geopolitical headwinds in the Middle East.

Recce Pharmaceuticals has signed a non-binding term sheet with a major Middle Eastern pharma player for exclusive rights to commercialise its R327 Topical Gel across the MENA region, targeting a high diabetes burden market.

TruScreen Group Limited has kicked off a NZ$2.9 million capital raising combining a NZ$1 million placement and a NZ$1.94 million rights issue to fund its global expansion and regulatory compliance efforts. The company reported a 42% jump in product sales for FY2026 and is targeting major public health programs across 14 countries.

IMDEX Limited has delivered a record 3Q FY26 revenue increase of 29% in constant currency, fueled by strong global demand, strategic acquisitions, and AI-enabled mining technology solutions.

Beamtree Holdings has landed a $2 million contract with Saudi Arabia’s Fakeeh Care Group, while revising down its FY26 ARR growth guidance and outlining cost-cutting measures as part of an ongoing strategic review.

Resource Minerals International Ltd (ASX:RMI) has raised $3.5 million through a share placement to fund upcoming drilling programs in Tanzania and Saudi Arabia, targeting copper-gold and precious metals.

Sierra Nevada Gold (ASX: SNX) has swiftly mobilised three drill rigs to commence a 5,000m Phase 1 program at its As Safra copper-gold project in Saudi Arabia, following exploration licence approval by Royal Decree. The campaign targets a district-scale mineralised system with results expected by late May.