CMA suspends Tihama shares after filing for financial reorganization

06/10/2022 Argaam

CMA suspends Tihama shares after filing for financial reorganization

Logo of Tihama Advertising and Public Relations Co.

The Capital Market Authority (CMA) decided to halt trading on shares of Tihama Advertising and Public Relations Co. as of Oct. 9, according to the authority’s website.

 

The decision came after the company submitted a request today, Oct. 6, for financial reorganization with the competent court, as per the Bankruptcy Law, to preserve shareholder rights and ensure company sustainability.

 

The registration of the financial reorganization application exempts the company from applying the provisions of the Companies Law regarding accumulated losses in case of reaching 50% or more of capital, according to data available with Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read