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Almasane Alkobra Mining Company (AMAK) announces the latest developments regarding the Board of Directors’ approval to establish a Simplified Joint Stock Company specialized in drilling and exploration services.
1322
AMAK
-0.95
%
1447/12/14 31/05/2026 09:19:53
| Element List | Explanation |
|---|---|
| Introduction | Almasane Alkobra Mining Company (AMAK) is pleased to announce to its valued shareholders the completion of the incorporation procedures and the issuance of the Bylaws and Commercial Registration Certificate for its subsidiary under the name “Advance Drilling Company”, a Simplified Joint Stock Company (100%) owned by AMAK. |
| Previous Announcement | Almasane Alkobra Mining Company (AMAK) previously announced on 25/07/1447 AH, corresponding to 14/01/2026 AD the Board of Directors’ approval to establish a Simplified Joint Stock Company specialized in drilling and exploration services. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-14 Corresponding to 1447-07-25 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Completion of the incorporation procedures and issuance of the Bylaws and Commercial Registration Certificate for the subsidiary under the name “Advance Drilling Company”, Unified National Number (7054426049), a Simplified Joint Stock Company (100%) owned by AMAK with an issued capital of SAR 40,000,000 and an authorized capital of SAR 100,000,000, specialized in drilling and exploration services and related supporting services. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | The Commercial Registration was issued on Thursday, 04/12/1447 AH, corresponding to 21/05/2026 AD. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Key Parameters
Last Price 68.0
Net Change -0.65 (-0.95%)
Value Traded (Sar) 10,502,549.85
Volume Traded 153,997
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