Tihama rights trading period ends today

Tihama Advertising and Public Relations Co.’s rights trading period ends today, July 27, 2020.

Rights trading started on July 20, to increase the company’s capital from SAR 75 million to SAR 175 million, through a rights issue of 10 million shares at SAR 10 per share.

Rights issue subscription period, which also started on July 20, will end on August 6, 2020.

Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares will be reoffered to institutional investors.

Key Figures of the Capital Hike
Current capital	SAR 75 mln
Number of shares	7.5 mln shares
Hike (%)	133.33%
New capital	SAR 175 mln
New shares	17.5 mln shares
Rights Issue Details
Number of rights issue shares		10.0 mln shares
Issue price		SAR 10/share
Issue size		SAR 100 mln
Record date		(July 15, registered shareholders on the second day following this date)
Rights coefficient		Each shareholder is entitled to 1.33 rights for every share held
Start of right issue trading and subscription period		July 20, 2020
End of rights issue trading		July 27, 2020
End of trading new shares subscription period		August 6, 2020
Use of Proceeds		To support expansions in business activities.
Additional Information
Financial advisor, Lead manager and Underwriter		Falcom

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