Tihama shareholders dismiss board members, elect new ones

Logo of Tihama Advertising and Public Relations Co. (TAPRCO)

Tihama Advertising and Public Relations Co. shareholders approved removing the current board members during the ordinary general meeting (OGM) held on Nov. 5.  

This decision was made in response to a request submitted by Sultan Naqli, acting on behalf of Mohamed Nayef Mohammed Al-Shammari-Jamal Hamad Al-Saghir Investment Co., who collectively own more than 10% of the company's shares. The request was justified on the grounds of "company restructuring."  

In a statement to Tadawul, Tihama said that shareholders elected new board members to complete the term that began on Oct. 14, 2021, until Oct. 13, 2024.  

The seven new board members are Sultan Naqli, Abdul Al-Suwailem, Ibrahim Al-Shabib, Hatem Bargash, Sultan Azim, Adel Mazi, and Anan Al-Subaihin. 

In September, Tihama received a letter from some shareholders who own 10% of the company's capital. They requested a vote to remove the existing board during its current term, according to data available on Argaam.