Tihama Announces Merger of J Walter Thompson MENA with Wunderman

Tihama Advertising, Public Relations and Marketing Company announced on Sunday the merging of the J Walter Thompson MENA (an associate to Tihama) business with the Wunderman MENA business to create Wunderman Thompson MENA EC (a Bahraini based holding group), subject to completion of the transfer of legal ownership and required regulatory approvals and its extension to June 30, 2022.

The company indicated on Sunday on Tadawul there are no costs associated with the event during the current period and the financial impact will be announced later if any.

This comes 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 the merger of the J Walter Thompson MENA (an associate to Tihama) business with the Wunderman MENA business to create Wunderman Thompson MENA EC (a Bahraini based holding group), subject to completion of the transfer of legal ownership and all other required regulatory approvals before December 31, 2021.