Tihama subsidiary reduces capital to SAR 81.7 mln

25/03/2015 Argaam
Tihama Advertising and Public Relations said that Tihama Modern Bookstores, its wholly-owned subsidiary, reduced its capital on Wednesday by 34 percent from SAR 123.50 million to SAR 81.67 million after receiving the go-ahead from market authorities.
 
The company said the capital reduction is in line with Saudi accounting standards, and has no financial impact on the company's consolidated financial statements.

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