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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 reorganization procedures.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company's announcement published on the Tadawul website on 13-05-1444 H corresponding to 07-12-2022 G regarding the issuance of a court ruling by the Commercial Court in Riyadh approving the opening of the company's financial reorganization procedures and the appointment of Osama Al-Saudis' office as a trustee to carry out the financial regulation work, and that the deadline granted to the company By the court to prepare the proposal is 150 days from the date of opening the procedure And the company’s announcement on the Tadawul dated 17-11-1444 H corresponding to 06-06-2023 G regarding the financial reorganization trustee submission to the court of a request to extend the period for suspending claims and the period for submitting the proposal. And the company’s announcement on the Tadawul dated 22-11-1444 H corresponding to 11-06-2023 G regarding receiving a notification from the financial reorganization trustee of a session to study the request submitted by the financial reorganization trustee on 15-05-2023 G by the relevant court on 16-06-2023 G. And the company’s announcement published on the Tadawul website on 25 - 11 -1444 corresponding to 14 – 06 - 2023 regarding the issuance of a decision by the Commercial Court in Riyadh to extend the deadline for submitting a financial reorganization proposal for a period of 150 days starting on 13 - 10 - 1444 corresponding to 03 - 05 - 2023. Until 14 – 03 -1445 corresponding to 29 – 09 - 2023 And the company’s announcement published on the Tadawul website on 12-03-1445 corresponding to 27-09-2023 that the Secretary of the Financial Reorganization Procedure, Mr. Osama Al-Sudais, has delivered the financial reorganization proposal (Financial Reorganization Plan) to the Commercial Court in Riyadh. on today, Wednesday 12 Rabi’ al-Awwal 1445 corresponding to 27 September 2023 by the Secretary of the Financial Reorganization Procedure, Mr. Osama Al-Sudais The company announces that the Ninth Circuit of the Commercial Court in Riyadh decided in today’s session, Wednesday, 08 – 05 -1445, corresponding to 22 – 11 - 2023, to accept the proposal to conduct a financial reorganization submitted by the company, and set the date for Thursday, 01 – 06 -1445, corresponding to 14 – 12 - 2023. 12:00 am until 3:00 pm. is the time to vote on the proposal via electronic communication means (ZOOM), and the link will be sent to the creditors before the voting time. The company also set a date for shareholders to vote on the proposal on Thursday, 6/1/1445, corresponding to 12/14/2023, at 6 o’clock in the evening. The shareholders’ voting procedures will be announced later |
| 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 reorganization procedures. |
| Date of Previous Announcement on Tadawul's Website | 2023-09-27 Corresponding to 1445-03-12 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | Thursday 1-6-1445 corresponding to 14-12-2023 ​ |
| Reasons for Exceeding the Announced End Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Impact of the Delay on the Company's Financial Results | Not applicable |
| 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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Company Performance
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Last Price 15.3
Net Change 0.06 (+0.39%)
Value Traded (Sar) 1,973,793.4
Volume Traded 129,856
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