Tihama to refund SAR 13.36 mln to eligible rights holders

Tihama Advertising and Public Relations Co. will pay SAR 13.36 million worth of refunds to the rights holders who did not subscribe to new shares on August 27.

The company said in a bourse statement that it will deposit the amount in the bank accounts of eligible rights holders who did not subscribe to new shares and are entitles to fractional shares.

For eligible rights holders whose bank account data is not available or incomplete, they should visit the head office of the company or contact the Investor Relations via email or telephone.

According to data compiled by Argaam, Tihama offered 10 million shares at SAR 10 each, with a total value of SAR 100 million, in order to increase its capital from SAR 75 million to SAR 175 million.