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Addendum Announcement from Tihama Advertising and Public Relations Co. in regards to Interim Financial Results for the Period Ending on 2023-12-31 ( Nine Months )
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company’s announcement on the Tadawul website on Sunday 08/01/1445 corresponding to 11/02/2024 regarding the preliminary financial results for the period ending on 31 / 12 / 2023 (nine months), The company would like to add a paragraph that was not included in the Arabic language announcement in the additional notes section as follows: The Group finalized preparation of the strategy and investment and business plans for the upcoming years, which will be based on expanding in the current main activity sectors and exiting from companies that realize losses. Part of this plan has been implemented by disposing the assets and liabilities of commercial operations to Aventus Global Trading - a subsidiary, the disposal of the Group's investment in Qutrob for Audio and Visual Media Production Company - an associate company. Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will continue to apply. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-02-11 Corresponding to 1445-08-01 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The Group finalized preparation of the strategy and investment and business plans for the upcoming years, which will be based on expanding in the current main activity sectors and exiting from companies that realize losses. Part of this plan has been implemented by disposing the assets and liabilities of commercial operations to Aventus Global Trading - a subsidiary, the disposal of the Group's investment in Qutrob for Audio and Visual Media Production Company - an associate company. Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will continue to apply. |
| Financial Impact on the change | Nothing |
| Additional Information | Nothing |
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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