Tihama Advertising, Public Relations and Marketing has completed the formal procedures to acquire additional shares representing 35%, worth 7.25 million riyals of the capital of its subsidiary company (Integrated Production Company for Audiovisual Media Production)
According to Arabnet, the share that will buy it is owned by the Image Field Corporation for Communications and Information Technology, and the Integrated Production Corporation for Artistic Production.
Integrated Production Company is a limited liability company affiliated to Tuhama for Advertising, Public Relations and Marketing, and it works in the field of audiovisual media production, and the company has won many international awards.
The company is working to participate in placing Saudi content strongly on the map of visual entertainment through three sectors, namely high-quality production, which is the production of programs, series and television films, and the production of advertisements, and is the production of commercial advertisements, digital production, and is the production of visual materials to display on Social media.
Integrated Production Company's expansion plans include many future opportunities that will contribute to diversifying and developing its revenue sources, which will naturally support the group's revenues and profits.
The revenues of the company amounted to approximately 12 million riyals, and the net losses of the subsidiary company amounted to 1.5 million riyals.
