The Saudi Stock Exchange (Tadawul) announces that the accumulated losses of Tihama Advertising and Public Relations Co. has reached 50% or more and less than 75% of its capital
Thursday, December 22, 2016 at 8:59 AM
Thu Dec 22, 2016 08:59
Based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G, and as a result to the announcement of Tihama Advertising and Public Relations Co. dated 22/12/2016 that its accumulated losses reached (50%) of its capital, and since this percentage of accumulated losses represents 50% or more and less than 75% of its capital, the Saudi Stock Exchange Company (Tadawul) under the aforementioned instructions and procedures will do the following:
1. Put a yellow flag next to the company name on Tadawul website.