Logo ofTihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.’s board of directors decided, on Aug. 13, to amend its capital reduction recommendation from 34.49% to 42.7%, as follows: 
Capital Cut Details
Current Capital
SAR 400 mln
Number of Shares
40 mln
New Capital
SAR 229.22 mln
New Number of Shares
22.92 mln
Reduction (%)
42.7%
Method
Writing off 17.08 mln shares
Reason
Restructure the company’s capital to amortize accumulated losses
According to Argaam’s data, Tihama’s board of directors recommended, on March 25, a 43.49% capital cut from SAR 400 million to SAR 226.02 million, in the efforts to restructure the company’s capital to amortize accumulated losses.
Logo ofTihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.’s board of directors decided, on Aug. 13, to amend its capital reduction recommendation from 34.49% to 42.7%, as follows:
Capital Cut Details
Current Capital
SAR 400 mln
Number of Shares
40 mln
New Capital
SAR 229.22 mln
New Number of Shares
22.92 mln
Reduction (%)
42.7%
Method
Writing off 17.08 mln shares
Reason
Restructure the company’s capital to amortize accumulated losses
According to Argaam’s data, Tihama’s board of directors recommended, on March 25, a 43.49% capital cut from SAR 400 million to SAR 226.02 million, in the efforts to restructure the company’s capital to amortize accumulated losses.
