Edaa deposits Tihama’s subscribed shares in shareholder accounts today

08/05/2023 Argaam
Logo ofTihama Advertising and Public Relations Co.

Logo of Tihama Advertising and Public Relations Co.

The Securities Depository Center Co. (Edaa) announced depositing the subscribed shares of Tihama Advertising and Public Relations Co. into the accounts of eligible shareholders today, May 8, according to a statement to Tadawul.

 

Tihama offered 35 million shares, at SAR 10 each, to increase capital to SAR 400 million from SAR 50 million, Argaam earlier reported.

 

The rights offering was 83.98% covered. Investors subscribed to 29.39 million out of the 35 million shares on offer. The rump offering was 883.7% subscribed.

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