Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.‘s board of directors recommended today, March 25, a 43.49% capital cut from SAR 400 million to SAR 226.02 million, to restructure the company’s capital to amortize accumulated losses. 
Capital Cut Details
Current Capital
SAR 400 mln
Number of Shares
40 mln
New Capital
SAR 226.02 mln
New Number of Shares
22.60 mln
Reduction (%)
43.49%
Method
Writing off 17.39 mln shares
Reason
To restructure the company’s capital to amortize accumulated losses
Date of Reduction
End of the second trading day after the EGM date
The company said no material impact on its financial, operational, regulatory obligations, operations, or performance will result from the planned capital reduction, according to a Tadawul statement. The board’s recommendation is still subject to approvals of the relevant official authorities and the deciding extraordinary general meeting (EGM).
An announcement will be made later when a financial advisor is appointed, as well as when the capital cut file is submitted to the Capital Market Authority (CMA) for approval, it added.
Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.‘s board of directors recommended today, March 25, a 43.49% capital cut from SAR 400 million to SAR 226.02 million, to restructure the company’s capital to amortize accumulated losses.
Capital Cut Details
Current Capital
SAR 400 mln
Number of Shares
40 mln
New Capital
SAR 226.02 mln
New Number of Shares
22.60 mln
Reduction (%)
43.49%
Method
Writing off 17.39 mln shares
Reason
To restructure the company’s capital to amortize accumulated losses
Date of Reduction
End of the second trading day after the EGM date
The company said no material impact on its financial, operational, regulatory obligations, operations, or performance will result from the planned capital reduction, according to a Tadawul statement. The board’s recommendation is still subject to approvals of the relevant official authorities and the deciding extraordinary general meeting (EGM).
An announcement will be made later when a financial advisor is appointed, as well as when the capital cut file is submitted to the Capital Market Authority (CMA) for approval, it added.
