Tihama OGM to vote on current board dismissal, new board appointment on Nov. 5

Logo of Tihama Advertising and Public Relations Co. (TAPRCO)

Tihama Advertising and Public Relations Co.’s shareholders will vote on the dismissal of the current board of directors, during an ordinary general meeting (OGM), to be held on Nov. 5, according to a Tadawul statement today, Oct. 12.

This comes upon a request submitted by Sultan Naqli, on behalf of Mohamed Al-Shammari and Jamal Hamad Al-Saghir Investment Co., who own stakes exceeding 10% of the company’s capital, aimed at restructuring the company, Tihama added.

If the board’s dismissal is approved, shareholders will vote on electing new board members to complete the current board term that began on Oct. 14, 2021, and ends on Oct. 13, 2024.

In September, Tihama said some shareholders owning 10% of the company’s capital called for adding a new item to the agenda of the OGM scheduled for Oct. 9, to vote on the board’s dismissal, according to Argaam's data.