Almasane Alkobra Mining Company (AMAK) announces the approval of the Board to establish a Simplified Joint Stock Company for the provision of drilling and exploration services | premargin

Almasane Alkobra Mining Company (AMAK) announces the approval of the Board to establish a Simplified Joint Stock Company for the provision of drilling and exploration services

TadawulJanuary 14, 2026View on exchange

Element List	Explanation
Announcement Detail	Almasane Alkobra Mining Company (AMAK) announces that its Board of Directors has approved, on 25-07-1447 AH, corresponding to 14-01-2026 AD, to establish a Simplified Joint Stock Company (100%) owned by (AMAK), with a share capital of SAR (100,000,000), to be based in Najran.The subsidiary will specialize in drilling, exploration, and related support services, subject to obtaining the necessary approvals and licenses from the relevant authorities. This initiative aligns with the Company’s strategic objective to develop its operational activities and strengthen its future investments in a manner that enhances operational efficiency and supports sustainable growth in the Kingdom’s mining sector. The Company will announce any material developments in this regard in due course.

Element List

Explanation

Announcement Detail

Almasane Alkobra Mining Company (AMAK) announces that its Board of Directors has approved, on 25-07-1447 AH, corresponding to 14-01-2026 AD, to establish a Simplified Joint Stock Company (100%) owned by (AMAK), with a share capital of SAR (100,000,000), to be based in Najran.The subsidiary will specialize in drilling, exploration, and related support services, subject to obtaining the necessary approvals and licenses from the relevant authorities.

This initiative aligns with the Company’s strategic objective to develop its operational activities and strengthen its future investments in a manner that enhances operational efficiency and supports sustainable growth in the Kingdom’s mining sector.

The Company will announce any material developments in this regard in due course.