Edaa implements capital cut for Tihama

09:25 AM (Mecca time) Argaam
Logo ofTihama Advertising and Public Relations Co.

Logo of Tihama Advertising and Public Relations Co.

The Securities Depository Center Co. (Edaa) reduced today, Nov. 18, the number of Tihama Advertising and Public Relations Co. shares in the accounts of eligible shareholders.

 

Tihama’s shareholders recently approved reducing the company’s capital by 42.7%, from SAR 400 million to SAR 229.22 million, as part of a restructuring plan aimed at offsetting accumulated losses, according to Argaam data.

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