Tihama’s board amends capital cut proposal to 42.7%

14/08/2025 Argaam
Logo ofTihama Advertising and Public Relations Co.

Logo of Tihama 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.

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