Al-Ashghal Al-Muyassara Trading Company Announces the Establishment of Ashamco Express as a Wholly-Owned (100%) Subsidiary

Al Ashghal Al MoysraTadawulJuly 29, 2026View on exchange

AI Summary

Al-Ashghal Al-Muyassara Trading Company has established a new 100% wholly-owned subsidiary named "Ashamco Express" in the Al-Jouf region (Sakaka).
The subsidiary is a limited liability company (Commercial Registration No. 7054874172) created to support strategic expansion in the transportation and logistics sector.
There is no immediate material financial impact on the company resulting from the establishment of this new entity.

Element List	Explanation
Announcement Detail	Al-Ashghal Al-Muyassara Trading Company announces the establishment of "Ashamco Express," a limited liability company headquartered in the Al-Jouf region (Sakaka), wholly owned (100%) by Al-Ashghal Al-Muyassara Trading Company. The subsidiary will serve as a key entity supporting the Company's strategic direction and objectives toward expanding its operations in the transportation and logistics sector. The Articles of Association have been completed, and the subsidiary has been issued Commercial Registration No. (7054874172). There is no immediate material financial impact resulting from this establishment at the present time. Any material developments will be disclosed in due course as and when they occur, in accordance with the applicable laws and regulations. For any inquiries, please contact the Investor Relations Department: Phone: 0146258828 Email: ashamco@ashamco.net

Element List

Explanation

Announcement Detail

Al-Ashghal Al-Muyassara Trading Company announces the establishment of "Ashamco Express," a limited liability company headquartered in the Al-Jouf region (Sakaka), wholly owned (100%) by Al-Ashghal Al-Muyassara Trading Company. The subsidiary will serve as a key entity supporting the Company's strategic direction and objectives toward expanding its operations in the transportation and logistics sector.

The Articles of Association have been completed, and the subsidiary has been issued Commercial Registration No. (7054874172).

There is no immediate material financial impact resulting from this establishment at the present time. Any material developments will be disclosed in due course as and when they occur, in accordance with the applicable laws and regulations.

For any inquiries, please contact the Investor Relations Department:

Phone: 0146258828

Email: ashamco@ashamco.net