09:01 AM EST, 11/12/2026 (MT Newswires) -- Tihama for Advertising, Public Relations and Marketing Co. (SASE:4070) said US educational publisher Houghton Mifflin Harcourt ended its exclusive distribution agreement with its subsidiary Tihama Distribution Co. Houghton attributed the termination to unpaid amounts covering January to May and missed sales targets, according to a Thursday filing. It also cited an attempt by the Saudi media group's former management to replace the subsidiary with an affiliate as Houghton's exclusive Saudi distributor. The canceled contract, which was extended earlier this year to 2028, is expected to have a negative impact on the operations of the group's educational distribution sector. Its financial effect, meanwhile, is yet to be determined.

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