“Tihama”: Liquidation of a subsidiary company after creditors defaulted and losses accumulated

Today, the Board of Directors of Tihama Advertising, Public Relations and Marketing Company agreed to begin liquidation procedures in accordance with the company’s bankruptcy system. "Tihama Education (Retail Sector)".

The company said in a statement on the website "Saudi Arabia trading"Tihama Education Company: a 100% owned subsidiary of Tihama, with a paid-up capital of 200,000 riyals.

She added that the liquidation decision was due to the accumulated losses, the default of creditors, and the liabilities exceeding the company’s assets.

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