Tihama appoints Wasata Capital as financial advisor for capital reduction

03/04/2025 Argaam
Logo of Tihama Advertising and Public Relations Co.

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co.’s board of directors decided, on March 26, to appoint Wasata Capital as financial advisor for its capital reduction process.

 

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In a statement to Tadawul, the company said the decision takes effect immediately.

 

Any material developments in this regard will be announced in due course.

 

According to data available with Argaam, Tihama's board recently recommended reducing the company's capital by 43.49% from SAR 400 million to SAR 226.02 million, as part of a capital restructuring plan to offset accumulated losses.

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