Riyadh - Mubasher: Abdullah Al Othaim Markets Company announced the board of directors’ decision to voluntarily liquidate four wholly-owned subsidiaries due to the lack of need for them, as they are not currently engaged in any actual activity.

The company explained, in a statement on "Tadawul", today, Sunday, that the decision includes the liquidation of the Seven Services Company (a limited liability company), 100% owned with a capital of 5 million riyals.

The decision also includes the liquidation of the Operating Facilities Company (a limited liability company), 100% owned with a capital of 5 million riyals, in addition to the Qassim Thamarat Company (a limited liability company), 100% owned with a capital of 20 million riyals.

The Board of Directors’ decision also included the liquidation of Sharafat Al Jazeera Company (a limited liability company), 100% owned, with a capital of 500 thousand riyals.

The company confirmed that there is no financial impact on the company's financial statements due to the liquidation of these companies.