Tihama shareholders approve 42.7% capital cut, trading halted for 2 days

16/11/2025 Argaam
Tihama logo as shareholders approved a 42.7% capital cut

Tihama logo as shareholders approved a 42.7% capital cut

Tihama Advertising and Public Relations Co.’s shareholders approved a 42.7% capital cut from SAR 400 million to SAR 229.22 million, during the extraordinary general meeting (EGM) held on Nov. 13.

 

Capital Reduction Details

Current Capital

SAR 400 mln

No. of Shares

40 mln

New Capital

SAR 229.22 mln

New No. of Shares

22.92 mln

Reduction (%)

42.7%

Capital Reduction Method

Writing off 17.08 million shares (0.4270 share for each share held)

Reason

To restructure the company's capital and amortize accumulated losses
 

Separately, the Saudi Exchange (Tadawul) announced that fluctuation limits will be calculated based on a share price of SAR 27.46, and the outstanding orders will be cancelled.

 

A trading halt will be placed on the stock for two business days, as of Nov. 16.

 

The company said the Securities Depository Center Co. (Edaa) will implement the capital reduction in shareholders' portfolios and the trading halt will be lifted by the end of trading session on Nov. 17.

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