Tihama rights issue ends today

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co.’s rights issue trading ended today, April 13, on the company’s capital increase to SAR 400 million from SAR 50 million.

Rights issue trading and subscription to the new shares started on April 6, while the subscription period will expire on April 25.

Right holders may exercise their subscription right, in whole or in part, to the new shares in proportion to the rights existing in their portfolios.

Details of Rights Issue
Current Capital	SAR 50 mln
Number of Shares	5 mln
Increase Percentage	700%
New Capital	SAR 400 mln
New Number of Shares	40 mln

Details of Capital Increase
Number of Shares Offered	35 mln
Offer Price	SAR 10
Issue Size	SAR 350 mln
Subscription Period	April 6-25, 2023
Rights Trading Period	April 6-13, 2023
Capital Increase Purpose	Financing expansion plans and future investments, supporting working capital and paying financial obligations
Record Date	April 2, 2023
Eligibility Ratio	Seven shares for every one share held
Rights Issue Proceeds	Investments, acquisitions and partnerships	SAR 154.00 mln
	Expansion and restructuring of the retail sector	SAR 33.58 mln
	Liabilities due to government agencies	SAR 31.81 mln
	Payment of dues under final court rulings	SAR 28.45 mln
	Liabilities to financing agencies	SAR 20.91 mln
	Expanding and enhancing the advertising network	SAR 17.45 mln
	Expansion in the education business	SAR 15.97 mln
	Working capital support	SAR 12.85 mln
	Expansion in the production business	SAR 7.99 mln
	Offering fees	SAR 26.99 mln
	Total	SAR 350 mln

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