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Tihama Advertising and Public Relations Company announces the latest developments as the company announces the issuance of the Commercial Court’s ruling approving the opening of financial restructuring procedure.
4070
TAPRCO
0.25
%
1445/07/04 16/01/2024 08:09:36
| Element List | Explanation |
|---|---|
| Introduction | Tihama Advertising, Public Relations and Marketing Company announces the decision of Board of Directors to file an appeal against the preliminary ruling issued by the Commercial Court in Riyadh, Ninth Circuit, refusing to ratify the proposal for a financial restructuring procedure and terminating the financial restructuring procedure for Tihama Advertising, Public Relations and Marketing Co. |
| Previous Announcement | Tihama Advertising and Public Relations Company announces the latest developments as the company announces the issuance of the Commercial Court’s ruling approving the opening of financial restructuring procedure. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-14 Corresponding to 1445-07-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company’s Board of Directors’ decision to file an appeal against the preliminary ruling issued by the Commercial Court in Riyadh, Ninth Circuit, which refused to ratify the proposal to conduct a financial restructuring and terminate the financial restructuring procedure for Tihama Advertising, Public Relations and Marketing Co. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Not applicable |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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