The company said in a statement to the Saudi market (Tadawul) today, Thursday, that the company has approved an increase in the capital by 100 million riyals, to rise from 75 million riyals to 175 million riyals .
(Tihama Advertising) explained in the statement that the reason for increasing the capital is to support the expansion of the company's activity.
The entitlement date for all the company’s shareholders registered in the company’s records with the Securities Depository Center (deposit center) will be at the end of the second trading day following the extraordinary general meeting in which it was decided to increase the head Money.
The capital will be increased by offering and listing priority rights shares for 10 million ordinary shares, with a par value of 10 riyals per share.
The company also agreed to amend some articles of the company’s articles of association to match the process of raising capital and subscribing to the shares of the increase, in addition to other materials.
(Fun Knowledge of Knowledge)
