Logo of Tihama Advertising and Public Relations Co.
Shareholders of Tihama Advertising and Public Relations Co. will discuss the board's recommendation on increasing capital through a SAR 350 million rights issue, during an extraordinary general meeting (EGM) to be held on Feb. 26, according to a statement to Tadawul.
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Capital Hike Highlights |
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Capital after Reduction |
SAR 50 mln |
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Number of Shares |
5 mln |
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Capital Hike (%) |
700% |
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Capital after Increase |
SAR 400 mln |
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Number of Shares after Increase |
40 mln |
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Reason of Increase |
Financing expansion plans and future investments, as well as supporting working capital and paying financial obligations |
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Method of Increase |
Offering 35 mln ordinary shares at a total value of SAR 350 mln |
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Record Date |
Feb. 26, 2023 (Shareholders of record who are registered with Edaa at the end of the second trading day following the EGM date) |
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