‎“Tihama”: 99.4% of shareholders approved the company’s ‎financial reorganization proposal

Tihama Advertising, Public Relations and Marketing Company announced the results of the shareholders’ voting meeting on the company’s financial reorganization proposal under the bankruptcy system, which were as follows:

Attendance rate was 13,294,387 shares, or 33.23%

13,215,097 shares, or 99.40%, agreed

79,290 shares, or 0.60%, disagreed

The company indicated that the quorum of attendance and the result of the vote were calculated based on what was stipulated in Paragraph 1 of Article 46 of the Executive Regulations of the Bankruptcy Law.

The company had previously announced that the trustee for the financial reorganization procedure had submitted the financial reorganization proposal to the Commercial Court in Riyadh, while it had previously announced the issuance of a decision by the Commercial Court in Riyadh to extend the deadline for submitting the financial reorganization proposal for a period of 150 days.