Shareholders of Tihama Advertising and Public Relations Co. will vote on capital hike to SAR 175 million from SAR 75 million through a SAR 100 million rights issue during the extraordinary general meeting (EGM) scheduled for July 15.

 

If the capital hike is approved, shareholders will also vote on amending Articles No. 7 and 8 of the articles of incorporation regarding capital increase and subscription to shares, Tihama said in a bourse filing on Wednesday.

 

Key Figures of the Capital Hike

Current capital

SAR 75 mln

Number of shares

7.5 mln shares

Hike

SAR 100 mln

New capital

SAR 175 mln

New shares

17.5 mln shares

Driver

Support the company’s expansions

Record date

The close of trading on the second day following the EGM

Method

Listing SAR 10 mln ordinary shares

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