Tihama Extends Completion of Legal Ownership Transfer on creating new company in Kingdom

Tihama Advertising and Public Relations Company signed an extension for a completion of the transfer of legal ownership and all other required regulatory approvals before June 30,2022 in order to create a new company in the kingdom to be called ICG Saudi Arabia.

With reference to the company’s announcement published on the Tadawul on 01-07-2021 regarding signing an agreement by Tihama Advertising, Public Relations and Marketing Company with WPP Group to establish a new company in the Kingdom of Saudi Arabia under the name ICG Saudi Arabia, subject to completion of the transfer of legal ownership and all other required regulatory approvals before December 31, 2021.

The company announced to the shareholders that an extension of the period to complete the transfer of legal ownership and all other required regulatory approvals has been signed before June 30, 2022.