| Element List | Explanation |
|---|---|
| Introduction | Tihama Advertising, Public Relations and Marketing Company announces that its wholly owned subsidiary, Tihama Distribution Company, has completed the renewal of its exclusive distribution agreement with Houghton Mifflin Harcourt “HMH”. The renewed agreement includes amendments to certain contractual terms and conditions in alignment with the Company’s strategy and operational plans for the coming period. The renewed agreement remains effective through December 2028 and includes a provision allowing for automatic renewal in accordance with the terms of the agreement. |
| Previous Announcement | Tihama Advertising, Public Relations and Marketing Company announces that its subsidiary (Tihama distribution) has extended its exclusive distribution agreement with learning technology company Houghton Mifflin Harcourt “HMH”. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2021-02-22 Corresponding to 1442-07-10 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Tihama Advertising, Public Relations and Marketing Company announces that its subsidiary, Tihama Distribution Company, has completed the renewal of its exclusive distribution agreement with Houghton Mifflin Harcourt “HMH”. The renewal includes amendments to certain contractual terms and conditions in alignment with the Company’s strategy and operational plans for the coming period. The renewed agreement remains effective through December 2028 and includes a provision allowing for automatic renewal in accordance with the terms of the agreement. Expected Financial Impact: The Company expects this renewal to have a positive impact on the continuity of the educational distribution business. Any material financial impact, if applicable, will be reflected in the financial statements for the relevant reporting periods. |
| 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 | This renewal is made in the context of the ongoing commercial relationship between the Company and its international partners and supports the continuity of the educational sector operations of its subsidiaries. |
