Tihama Advertising, Public Relations, and Marketing Company announces an invitation to its shareholders to attend the Extraordinary General Assembly Meeting which includes the reduction of the company's capital (the first meeting) at the company's office and through modern technology means.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Tihama Advertising, Public Relations, and Marketing Company is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly meeting which includes the reduction of the company's capital (the first meeting), which is scheduled to be held on Thursday 22-05-1447H, corresponding to 13-11-2025 at exactly 19:00 PM, At the company's office and through modern technology using the Tadawulaty system, provided the venue for the meeting of the General Assembly is in Riyadh, Imam Saud Ibn Faisal Road, Binayat Building, office 22, https://maps.app.goo.gl/x1HzHk3QsGj3b96V7, and modern technology means through meeting link www.any-meeting.com |
| City and Location of the Extraordinary General Assembly's Meeting | Riyadh, Imam Saud Ibn Faisal Road, Binayat Building, office 22, https://maps.app.goo.gl/x1HzHk3QsGj3b96V7 |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-11-13 Corresponding to 1447-05-22 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | In accordance with Article (45) of the Company's Articles of Association the First Meeting shall be valid only if attended by shareholders representing at least half of the capital. If the necessary quorum for holding the First Meeting is not achieved, a second meeting will be held an hour after the end of the period specified for the First Meeting, and the second meeting will be valid if attended by shareholders representing at least a quarter of the capital |
| Meeting Agenda | 1. Voting on the Board of Directors’ recommendation to reduce the company’s capital as follows:
- Capital before reduction: SAR 400,000,000 - Capital after reduction: SAR 229,216,630 - Reduction percentage: 42.70% - Number of shares before reduction: 40,000,000 shares - Number of shares after reduction: 22,921,663 shares - Reason for the reduction: To restructure the company’s capital in order to offset accumulated losses. - Method of capital reduction: Cancellation of 17,078,337 shares. 0.4270 shares will be canceled for each owned share. - Effective date of the reduction: If the item is approved, reduction resolution shall be effective on the eligible shareholders who are holding shares on the day of convening the Extraordinary General Assembly and who are registered in the shareholders registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the date of convening the Extraordinary General Assembly meeting, in which the capital reduction was decided. - Impact of the capital reduction on the company’s obligations: There is no impact on the company’s financial obligations as a result of the capital reduction. - Amending Article 7 of the company's bylaws related to the company's capital. (attached) - Amending Article 8 of the company's bylaws related to subscription to shares. (attached)
2. Vote on amending Article 4 of the company's bylaws related to the company's objectives. (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the items listed on the agenda of the EGM and to pose questions during the EGM meeting.
Registering and voting in Tadawulaty platform is free and available to all shareholders via the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered on the website of (Tadawulaty) electronic trading services can remotely vote on the items of the EGM through (electronic voting) service. The remote voting will start from 1am (01:00) on Saturday 17 – 05 – 1447, corresponding to 08 – 11 – 2025 until the Counting Committee Concludes Counting the Votes. Registration and voting through Tadawulaty is available and free of charge to all shareholders using the following link:
www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | Valued shareholders can also direct their questions and inquiries by contacting the Shareholders Relations Department through phone number: 0112079767
or at the following e-mail: |
| Attached Documents | |
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