Tihama gets shareholders' letter seeking vote to dismiss all board members

08/06/2023 Argaam
Logo ofTihama Advertising and Public Relations Co.

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co. received a letter from some shareholders, who own 10% of the company's capital, requesting to hold an ordinary general meeting to vote on the dismissal of all the board members in the current board session. 

 

In addition, they requested to open the nomination process to elect new board members, the company said in a statement to Tadawul.

 

Tihama will take the necessary regulatory procedures regarding the request.

 

Any new developments in this regard will be announced in due course, the statement said.

 

Tihama's board decided, on June 7, to start the legal procedures to terminate CEO Mazen Al Asmari, according to Argaam's data.

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