On May 31, 2026, Almasane Alkobra Mining Company (AMAK) announced the completion of incorporation procedures for its wholly-owned subsidiary "Advance Drilling Company," a Simplified Joint Stock Company specializing in drilling and exploration services. The subsidiary was established with an issued capital of SAR 40,000,000 and an authorized capital of SAR 100,000,000, with its Commercial Registration Certificate issued on May 21, 2026. This follows the Board of Directors' initial approval announced on January 14, 2026, to establish the drilling and exploration services company.

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