Tihama board plans 43.5% capital cut to offset accumulated losses

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.

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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request