Tihama Amends Article of Bylaws Related to Capital Increase

Tihama Advertising and Public Relations Company announced on Sunday the results of its Extraordinary General Assembly (second meeting), including approval to amend Article 17 of the company’s bylaws, related to increasing the capital.

The following voting results were also confirmed:

1. Review and discussion of the financial statements for the year ending on March 31, 2024.
2. Review and discussion of the Board of Directors’ report for the financial year ending on March 31, 2024.
3. Approval of the auditor’s report for the financial year ending on March 31, 2024.
4. Appointment of the company’s auditor (Ibrahim Ahmed Al-Bassam and Partners, PKF office) to review and audit financial statements for Q2, Q3, and the annual period of FY ending March 31, 2025, as well as Q1 of FY ending March 31, 2026.
5. Approval of amendments to Article 4 of the company’s bylaws, related to the company’s objectives.
6. Amendment of Article 15 of the bylaws, related to trading of shares.
7. Approval of the amendment to Article 17 of the bylaws, related to increasing capital.
8. Deletion of Article 21, related to preferred shares.
9. Amendment of Article 22, related to issuing shares.
10. Addition of Article 23, related to the transfer of shares.
11. Addition of Article 24, relating to the amendment of rights and obligations related to shares.
12. Addition of Article 25, concerning the company’s purchase, sale, and mortgage of shares.
13. Addition of Article 26, related to the issuance of debt instruments and financing bonds.
14. Addition of Article 27, concerning the transfer of debt instruments and financing bonds.
15. Addition of Article 28, related to compensation for damages.
16. Amendment of Article 41, related to the quorum for board meetings.
17. Amendment of Article 43, concerning the formation of the audit committee.
18. Deletion of Article 56, related to attending general meetings.
19. Deletion of Article 57, concerning the founding assembly.
20. Deletion of Article 58, related to the powers of the founding assembly.
21. Deletion of Article 61, concerning the attendance register for meetings.
22. Deletion of Article 62, concerning chairing meetings.
23. Amendment of Article 63, concerning the appointment of the auditor.
24. Amendment of Article 64, related to the powers of the auditor.
25. Amendment of Article 65, related to the auditor’s obligations.
26. Amendment of Article 71, related to profit distribution.
27. Deletion of Article 72, concerning profit distribution for preferred shares.
28. Addition of Article 53, related to the Companies Law.
29. Amendment of Article 47, concerning liability claims.
30. Renumbering of articles in the bylaws.