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.