Tihama to file for CMA’s approval of capital increase soon

31/08/2022 Argaam

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co. announced that it is implementing the second part of the board’s amended proposal as regards the capital increase, according to a bourse filing.

 

Capital will be increased by SAR 350 million via a rights issue, and Tihama is working to fulfill the requirements to file for the approval of the Capital market Authority (CMA) .

 

The company’s board of directors recommended earlier a capital reduction by SAR 125 million via cancelling shares, and then capital will be increased by SAR 350 million through a rights issue, data compiled by Argaam showed.

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