Tihama deposits proceeds from fractional shares sale

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co. announced depositing, on March 23, nearly SAR 800,439 in proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

The company sold 5,418 shares at an average price of SAR 147.37 each.

Tihama shareholders approved a capital cut by 71.43% to SAR 50 million from SAR 175 million during the extraordinary general meeting held on Feb. 23, according to Argaam's data.