One of AMAK's facilities
Al Masane Al Kobra Mining Co. (AMAK) completed the incorporation procedures for its wholly owned subsidiary, Advance Drilling Co., according to a Tadawul statement.
The process included the issuance of the subsidiary’s articles of association and commercial registration certificate.
The subsidiary is a single-shareholder simplified joint-stock company, wholly owned by AMAK with a 100% stake.
In a statement to Tadawul, the company said the subsidiary has an issued capital of SAR 40 million and an authorized capital of SAR 100 million.
AMAK noted that the commercial registration of the subsidiary was issued on May 21, 2026.
According to data available with Argaam, AMAK's board of directors approved in January the establishment of a wholly owned simplified joint-stock subsidiary with a capital of SAR 100 million, specializing in drilling, exploration, and related support services.
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