| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Tihama Advertising, Public Relations and Marketing Company dated 19-11-2025 regarding the issuance of the Board of Directors’ decision to approve the commencement of liquidation procedures in accordance with the bankruptcy system for “Tihama Education Company (Retail Sector)”, which is a 100% owned subsidiary. The company announces the issuance of the initial ruling document dated 25-02-2026, approving the liquidation request under the bankruptcy system of the subsidiary company and the appointment of the bankruptcy trustee. |
| Previous Announcement | Tihama Advertising, Public Relations and Marketing Company announces the Board of Directors decision to liquidate one of its Subsidiaries |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-11-19 Corresponding to 1447-05-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company announces the issuance of the initial ruling document dated 25-02-2026, approving the liquidation request under the bankruptcy system of the subsidiary company and the appointment of the bankruptcy trustee. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | It should be noted that this is expected to result in a profitable impact on the company’s consolidated financial statements, which will positively affect its financial results during the period in which the liquidation procedures are completed, as a result of excluding the net liabilities and accumulated losses associated with the subsidiary. The financial impact resulting from the exclusion of the subsidiary will be recognized in accordance with the International Financial Reporting Standards adopted in the Kingdom of Saudi Arabia. |
