Tihama invites shareholders to vote on financial reorganization on Dec. 14

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co.'s board of directors called on shareholders to vote on the financial reorganization proposal during the general assembly meeting scheduled for Dec. 14.

In a statement to Tadawul, the company explained that the meeting will be overseen by the Financial Reorganization Secretary appointed by the Commercial Court in Riyadh, Osama Al-Sudais. The meeting will be valid if attended by shareholders representing at least 25% of the company's capital.

Each shareholder registered with the Securities Depository Center Co. (Edaa) by the end of the trading session prior to the meeting has the right to attend. Voting will start from Dec. 13 at 10 am until Dec. 14 at 8 pm.

The Commercial Court in Riyadh accepted the company's proposal for financial reorganization, Argaam earlier reported.