Riyadh – Mubasher: Al Ashghal Al Moysra Commercial Company has established a new wholly owned subsidiary, Ashamco Express, a limited liability company based in the Sakaka region.
The parent company holds a 100% stake in the new entity, which is designed to serve as a primary vehicle for supporting strategic expansion into the transport and logistics services sector.
The company confirmed that all regulatory requirements have been finalized, including the issuance of the articles of association and commercial registration number 7054874172.
According to the regulatory filing, there is no immediate material financial impact resulting from the incorporation of the subsidiary at this stage.
Al Ashghal Al Moysra stated it will disclose any significant future developments in accordance with relevant regulations.
The establishment aligns with the broader corporate strategy to diversify operations within the logistics industry.
Investors seeking further information regarding the new subsidiary may contact the investor relations department via the provided telephone number 0146258828.
In June, the listed company entered into a SAR 3.16 million contract with the Saudi Education and Training Evaluation Commission (ETEC) to provide comprehensive logistics, dismantling, and installation services.
