Tihama Advertising and Public Relations Co (4070)

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News

16 October 03:00 AM CMA greenlights Tihama Advertising’s capital cut

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Tihama Advertising and Public Relations Company to reduce its capital to SAR 229.21 million from SAR 400 million.Following the transaction, the number of shares will declin

Companies Investments

6 March 04:05 PM Tihama incurs lower net losses in 9M-24/25; accumulated losses near 43.5% of capital

Riyadh – Mubasher: The net loss of Tihama Advertising and Public Relations Company declined by 54.89% to SAR 14.57 million during the first nine months (9M) of fiscal year (FY) 2024/2025, compared to SAR 32.31 million in 9M-23/24. Meanwhile, the …

Financial Results

6 May 2024 06:20 PM Tihama’s Chairman resigns; Bargash designated

Riyadh – Mubasher: Tihama Advertising, Public Relations, and Marketing Company announced the resignation of Ibrahim bin Muhammad Al Shabib from his position as the Chairman of the board for personal reasons, according to a bourse disclosure. Al …

Board of Directors

15 February 2024 03:35 PM Tihama’s net losses soar 54% YoY in 9M-23/24; accumulated losses unveiled

Riyadh – Mubasher: Tihama Advertising and Public Relations Company has reported a 53.80% surge in net loss during the first nine months (9M) of the fiscal year (FY) 2023/2024, recording SAR 32.30 million when compared to SAR 21 million in …

Financial Results

13 December 2023 08:48 PM Tihama’s net losses widen 55%, revenues down 20.5% in H1-23/24; accumulated losses unveiled

  Riyadh – Mubasher: Tihama Advertising and Public Relations Company posted net losses after Zakat and tax of SAR 18.10 million in the first half (H1) of the fiscal year (FY) 2023/2024. The net losses widened by 54.70% year-on-year (YoY) in …

Financial Results

2 July 2023 07:22 PM Tihama seals merger agreement to establish Bahrain-based group

Riyadh – Mubasher: Tihama Advertising and Public Relations Company has completed the merger of the J. Walter Thompson MENA business with the Wunderman MENA business on 23 June 2023, according to a bourse filing. The merger aims to create Wunderman …

Mergers and Acquisitions

11 October 2022 05:34 PM Saudi Tihama’s unit exits assets in Dubai to boost working capital

Riyadh – Mubasher: Tihama Education Company, a subsidiary of Tihama Advertising, Public Relations, and Marketing Company, has sold six real estate units in an administrative building in Dubai. Executed on 11 October 2022, the transaction amounted …

Management Decisions

6 October 2022 11:54 PM CMA nods to capital change requests by Al Sagr Cooperative, Tihama

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Al Sagr Cooperative Insurance Company’s request to decrease its capital to SAR 140 million from SAR 400 million, according to a bourse filing. The new capital will be distributed …

Corporate Actions

3 March 2022 05:59 PM Tihama’s accumulated losses narrow to 33.5% of capital

Riyadh – Mubasher: Tihama Advertising and Public Relations Company's accumulated losses shrank to SAR 16.64 million as of 23 February. The accumulated losses currently represent 33.5% of the SAR 50 million capital, according to a recent bourse …

Corporate Actions

10 February 2022 08:38 PM Tihama receives regulatory nod to SAR 125m capital cut

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Tihama Advertising and Public Relations Company’s request to reduce its capital by SAR 125 million. The company aims to cut the capital from SAR 175 million distributed over 17.50 …

Management Decisions

10 February 2022 06:10 PM Tihama's net losses down 18% in 9M-21/22; accumulated losses cross SAR 141m

Riyadh – Mubasher: Tihama Advertising and Public Relations Company recorded net losses after Zakat and tax worth SAR 30.6 million during the nine-month (9M) period that ended on 31 December 2021, down 18.1% from SAR 37.4 million in the same period …

Financial Results

3 January 2022 06:09 PM Tihama's board amends capital increase value

Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has changed the value of its capital raise recommendation, which took place on 14 July 2021, to become SAR 350 million through a rights issue, according to a recent …

Board of Directors

3 January 2022 02:18 PM Tihama names Al Asmari as new CEO

Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has appointed Mazen bin Muhammad Al Asmari as the new CEO. Al Asmari has assumed the role on 2 January, according to a bourse filing. It is worth noting that Al Asmari …

Corporate Actions

27 December 2021 11:37 AM Tihama extends deal to set up ICG Saudi Arabia

Riyadh – Mubasher: Tihama Advertising and Public Relations Company has extended its agreement with the UK’s WPP Group on 26 December and until the middle of next year. The Saudi company aims to complete all legal ownership and regulatory approvals …

Companies Investments

16 November 2021 04:33 PM Dubai Courts issues verdict in favour of Saudi Arabia's Tihama

Mubasher: The Dubai Courts of First Instance has issued a verdict in favour of Tihama Advertising and Public Relations Company against Nasser bin Saleh Al Sarami and Kanaen General Trading Company. The preliminary ruling obligates Nasser bin Saleh …

Companies Investments

18 October 2021 02:07 PM Tihama appoints Chairman, Vice Chairman

Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has decided to appoint Sultan Salahuddin Abdul Azim as the Chairman of the company starting 14 October 2021. The board also named Ibrahim Mohammed Ibrahim Al Shabib as …

Corporate Actions

6 September 2021 10:38 AM Tihama hires financial advisor for capital amendment

Riyadh – Mubasher: Tihama Advertising, Public Relations, and Marketing Company has appointed Falcom Financial Services Company as the financial advisor to manage the process of reducing and increasing its capital. The appointment has come into …

Management Decisions

14 July 2021 04:30 PM Tihama’s board recommends capital cut, raise

Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company proposed a capital reduction of 42.9% to be followed with a 50% increase, according to a bourse filing on Wednesday. The company aims to decrease the capital by …

Board of Directors

13 July 2021 04:56 PM Tihama liquidates Intermarkets on partners’ resolution

Riyadh – Mubasher: Tihama Advertising and Public Relations Company said its partners have decided to liquidate the International Advertising Services Company (Intermarkets), which has not been operating since 18 January 2012. Tihama owns 51% stake …

Management Decisions

4 July 2021 04:06 PM Tihama pens JV creation, merger agreements with WPP

Riyadh - Mubasher: Tihama Advertising and Public Relations Co signed an agreement with WPP to establish a new joint venture company, ICG Saudi Arabia. The new JV will provide a range of communications and media services in Saudi Arabia through …

Companies Investments

15 June 2021 11:25 AM Tihama appoints new CEO

Riyadh – Mubasher: Tihama Advertising and Public Relations Company has appointed Mazen Mohamed Al Asmari as the new CEO effective from 14 June. Al Asmari has been the Executive Vice President of Tihama before assuming the CEO position. He holds …

Corporate Actions

11 March 2021 09:14 AM Tihama buys 35% of unit at SAR 7.25m

Riyadh – Mubasher: Tihama Advertising and Public Relations Company has completed the formal procedures to acquire shares representing 35% of the capital of its subsidiary, Integrated Production Company for Audiovisual Media Production, at SAR 7.25 …

Companies Investments

22 February 2021 04:32 PM Tihama’s unit extends exclusive distribution deal with Houghton Mifflin Harcourt

Riyadh – Mubasher: Tihama Distribution, a fully-owned subsidiary of Tihama Advertising and Public Relations Company, has extended its exclusive distribution agreement with the education technology company, Houghton Mifflin Harcourt (HMH). Tihama …

International Agreements

14 February 2021 04:47 PM Tihama’s unit inks SAR 5.4m deal to produce TV series

Riyadh – Mubasher: Integrated Production Company for Audiovisual Media Production, a 35%-owned subsidiary of Tihama Advertising and Public Relations Company, penned a contract with the Saudi Broadcasting Authority (SBA) to produce a TV series. The …

Companies Investments