On February 26, 2026, Tihama Advertising, Public Relations and Marketing Company announced that an initial ruling document dated February 25, 2026, has approved the liquidation request of its 100% owned subsidiary "Tihama Education Company (Retail Sector)" under the bankruptcy system and appointed a bankruptcy trustee. This follows the Board of Directors' decision announced on November 19, 2025, to commence liquidation procedures for the subsidiary. The company expects this liquidation to result in a profitable impact on its consolidated financial statements by excluding the net liabilities and accumulated losses associated with the subsidiary, with the financial impact to be recognized in accordance with International Financial Reporting Standards adopted in Saudi Arabia.

Original announcement:

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