From time to time, we read about the liquidation or bankruptcy of a company. This situation requires understanding the circumstances faced by the management of those companies and the necessity for them to work with full capacity using modern management methods. It also requires reliance on advanced technologies to increase production and maintain continuity in performance.
It appears that liquidation cases in the Sultanate of Oman are more common than bankruptcy cases, due to the conditions faced by some companies and institutions. These organisations have been exposed to financial and administrative crises, especially after the decline in oil prices, the impact of the Covid-19 pandemic and other difficulties…