Tihama shareholders to vote on SAR 100 mln rights issue on July 15
Shareholders of Tihama Advertising and Public Relations Co. will vote on capital hike to SAR 175 million from SAR 75 million through a SAR 100 million rights issue during the extraordinary general meeting (EGM) scheduled for July 15.
If the capital hike is approved, shareholders will also vote on amending Articles No. 7 and 8 of the articles of incorporation regarding capital increase and subscription to shares, Tihama said in a bourse filing on Wednesday.
|
Key Figures of the Capital Hike |
|
|
Current capital |
SAR 75 mln |
|
Number of shares |
7.5 mln shares |
|
Hike |
SAR 100 mln |
|
New capital |
SAR 175 mln |
|
New shares |
17.5 mln shares |
|
Driver |
Support the company’s expansions |
|
Record date |
The close of trading on the second day following the EGM |
|
Method |
Listing SAR 10 mln ordinary shares |
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