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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.
| Element List | Explanation |
|---|---|
| Introduction | Tihama Advertising, Public Relations and Marketing Co. announces that the Riyadh Commercial Court, Ninth Circuit, has ruled: First: By rejecting the request to ratify the financial restructuring proposal of Tihama Advertising, Public Relations and Marketing Co. Second: ending the financial restructuring procedure for Tihama Advertising, Public Relations and Marketing Co. The company assures shareholders that what was stated in the ruling will not affect the continuity of the company, nor will it affect the financial and legal position of the company. The company also assures the continuation of its operational operations. |
| 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 | 2023-11-22 Corresponding to 1445-05-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Tihama Advertising, Public Relations and Marketing Co. announces that the Riyadh Commercial Court, Ninth Circuit, has ruled: First: By rejecting the request to ratify the financial restructuring proposal of Tihama Advertising, Public Relations and Marketing Co. Second: ending 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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Last Price 16.78
Net Change -0.04 (-0.24%)
Value Traded (Sar) 8,217,689.8
Volume Traded 488,841
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