On May 21, 2026, Al Babtain Power and Telecommunication Company announced that its Board of Directors approved on May 20, 2026, the commencement of voluntary liquidation procedures for its wholly-owned subsidiary, International Wind and Power Company. The subsidiary, which has a paid-up capital of SAR 5,000,000, has been inactive for several years, prompting the liquidation decision. The company stated that the liquidation will have no financial impact on its consolidated financial statements upon completion.

Original announcement:

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