One of Abdullah Al Othaim Markets Co. branches
Abdullah Al-Othaim Markets Co.’sboard of directors approved today, Feb. 16, the voluntary liquidation of four fully owned subsidiariesdue to lack of need,as they are not currently engaged in any actual activities, the company said in a statement to Tadawul. 
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The subsidiaries, which are limited liability companies, include Seven Services Co., with SAR 5 million in capital, and Marafiq Al Tashgheel Co. (SAR 500,000 capital), Thamarat Al Qassim Co.(SAR 20 million),and Shorofat Al Jazira Co. (SAR 500,000).
Al Othaim confirmed that the liquidation process will have no financial impact.
One of Abdullah Al Othaim Markets Co. branches
Abdullah Al-Othaim Markets Co.’sboard of directors approved today, Feb. 16, the voluntary liquidation of four fully owned subsidiariesdue to lack of need,as they are not currently engaged in any actual activities, the company said in a statement to Tadawul.
For more news on listed companies
The subsidiaries, which are limited liability companies, include Seven Services Co., with SAR 5 million in capital, and Marafiq Al Tashgheel Co. (SAR 500,000 capital), Thamarat Al Qassim Co.(SAR 20 million),and Shorofat Al Jazira Co. (SAR 500,000).
Al Othaim confirmed that the liquidation process will have no financial impact.
