| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Tihama Advertising, Public Relations and Marketing Company on the Saudi Stock Exchange website dated 25-05-1447 AH (corresponding to 16-11-2025), regarding the results of the Extraordinary General Assembly meeting, which included a reduction in the company's capital to offset accumulated losses, Tihama Advertising, Public Relations and Marketing Company is pleased to clarify to its valued shareholders the developments regarding the accumulated losses after the capital reduction and the subsequent release of the financial results. |
| Date of accumulated losses decrease | 2025-11-13 Corresponding to 1447-05-22 |
| Amount of the Accumulated Losses | SAR 38,576,828 |
| Percentage of the Accumulated Losses out of the Capital (%) | 16.82 % |
| Measures Taken by the Company to Decrease Accumulated Losses | The company indicates that, following the completion of the capital reduction process, accumulated losses of SAR 170,783,370 were written off, as approved by the Extraordinary General Assembly. After recording the results for the financial period ending November 13, 2025, accumulated losses amounted to only SAR 38,576,828. Accumulated Losses to Capital Ratio After the reduction, the capital amounted to SAR 229,216,630, resulting in an accumulated losses to capital ratio of only 16.82%. This means the company falls outside the scope of the regulations governing companies with accumulated losses, as per Article 3, Paragraph (d) of the Procedures and Instructions for Companies Listed on the Market Whose Accumulated Losses Reach 20% or More of Their Capital. Removing the orange indicator Accordingly, the orange indicator that appears on the trading screen next to the company's name will be removed, as the reason for its appearance no longer exists after the accumulated losses have decreased to less than 20%. Company Confirmation The company confirms that this development reflects the success of its capital restructuring process and the addressing of accumulated losses, which contributes to strengthening the company's financial position and supporting its future plans. The company would like to thank its valued shareholders for their continued support and affirms its commitment to improving operational performance and enhancing financial efficiency in the coming periods. |
| The external auditor’s report clarifying the financial position of the company | The external auditor’s report clarifying the financial position of the company |