The Saudi Arabia Capital Markets Authority issued a resolution approving Tihama Advertising and Public Relations Company’s request to reduce its capital from SAR 400,000,000 to SAR 229,216,630, cutting the number of shares from 40,000,000 to 22,921,663. The approval is conditional on the company obtaining extraordinary general assembly approval and completing required procedures under applicable regulations. Tihama will publish a disclosure document to shareholders, setting out the proposed method of the capital reduction and its expected effects, in sufficient time before the extraordinary general assembly meeting to enable voting. The authority also noted that its approval is not an endorsement of the feasibility of the capital reduction and reflects only that relevant regulatory requirements under the Capital Market Law and its Implementing Regulations have been met.
Saudi Arabia Capital Markets Authority 2025-10-15
Saudi Arabia Capital Markets Authority approves Tihama Advertising capital reduction from SAR 400,000,000 to SAR 229,216,630
The Saudi Arabia Capital Markets Authority approved Tihama Advertising and Public Relations Company's request to reduce its capital from SAR 400 million to SAR 229.2 million, pending extraordinary general assembly approval and regulatory procedures. Tihama will disclose the reduction method and expected effects to shareholders before the meeting. The authority clarified that its approval confirms compliance with regulatory requirements, not the reduction's feasibility.