Logo ofTihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.invited its shareholders to attend a generalassembly meeting on June 23 to vote on the amendments to the allocation of SAR 350 million rights issue proceeds. 
For more news on listed companies
In a statement toTadawul, the company said that the amended proceeds allocation will be as follows:
Amendments to Allocation of Proceeds from Rights Issue (SAR mln)
Item
Prospectus
Actual Spending
Recommended
Variance
Change (%)
Working Capital
12.85
12.91
22.67
9.82
76 %
Investments,
acquisitions, and
partnerships
154.00
165.50
174.00
20.00
13 %
Expansion and restructuring of retail
segment
33.59
17.26
17.26
(16.33)
(49%)
Expansion of education segment
15.97
15.40
25.40
9.43
59 %
Expansion in the production segment
(events and entertainment)
7.99
0.60
3.50
(4.49)
(56%)
Expanding the network of advertising sites
17.45
—
—
(17.45)
(100%)
Final court judgments dues
28.45
15.60
28.45
—
—
Settlement of loans
20.91
20.75
20.75
(0.16)
(1%)
Dues to government agencies
31.81
6.76
31.81
—
—
Offering Costs
26.99
26.17
26.17
(0.82)
(3%)
In September 2024, Tihama announced the issuance of a board of directors’ resolution approving amendments to the allocation of proceeds from its rights issue offering, according to Argaam data.
Logo ofTihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.invited its shareholders to attend a generalassembly meeting on June 23 to vote on the amendments to the allocation of SAR 350 million rights issue proceeds.
For more news on listed companies
In a statement toTadawul, the company said that the amended proceeds allocation will be as follows:
Amendments to Allocation of Proceeds from Rights Issue (SAR mln)
Item
Prospectus
Actual Spending
Recommended
Variance
Change (%)
Working Capital
12.85
12.91
22.67
9.82
76 %
Investments,
acquisitions, and
partnerships
154.00
165.50
174.00
20.00
13 %
Expansion and restructuring of retail
segment
33.59
17.26
17.26
(16.33)
(49%)
Expansion of education segment
15.97
15.40
25.40
9.43
59 %
Expansion in the production segment
(events and entertainment)
7.99
0.60
3.50
(4.49)
(56%)
Expanding the network of advertising sites
17.45
—
—
(17.45)
(100%)
Final court judgments dues
28.45
15.60
28.45
—
—
Settlement of loans
20.91
20.75
20.75
(0.16)
(1%)
Dues to government agencies
31.81
6.76
31.81
—
—
Offering Costs
26.99
26.17
26.17
(0.82)
(3%)
In September 2024, Tihama announced the issuance of a board of directors’ resolution approving amendments to the allocation of proceeds from its rights issue offering, according to Argaam data.
