Tihama Advertising invites shareholders to vote on new appointments
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Riyadh – Mubasher: Tihama Advertising, Public Relations and Marketing Company has officially invited its shareholders to attend an Ordinary General Meeting (OGM) scheduled for 22 July 2026.
The meeting, which will be held both at the company’s Riyadh headquarters and via modern technology, features a critical agenda focused on corporate governance changes.
Key items for deliberation include the proposed dismissal of a current board member and the ratification of a new independent director appointment to fill a vacancy.
The meeting is scheduled to commence at 6:30 PM at the company’s main office located on King Fahd Road in Riyadh. In alignment with Saudi Arabia’s digital transformation in capital markets, shareholders can also participate and cast their votes remotely through the Tadawulaty electronic platform.
Eligibility to attend and vote is restricted to shareholders registered in the company’s records at the Securities Depository Center (Edaa) by the close of the trading session immediately preceding the assembly.
The agenda for the session includes two primary items of business.
First, shareholders will vote on the dismissal of board member Saleh Ghadir Al-Rashid. This move follows a formal recommendation by the Board of Directors, cited under Paragraph (H) of Article 6 of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
Second, the assembly will vote on the board’s decision to appoint Abdullah Muneef Al Muneef as an independent member. Al Muneef was appointed by the board on 26 January 2026 to fill the seat vacated by former independent member Abdulaziz Abdulrahman Al Ammar.
If ratified, Al Muneef will serve the remainder of the current board term, which is slated to conclude on 26 November 2027.
Al Muneef brings professional experience from Ernst & Young and the General Authority of Civil Aviation, holding a degree in Finance and Accounting from Southampton Solent University in the United Kingdom.
Regarding procedural requirements, the legal quorum for the first meeting is reached if shareholders representing at least 25% of the company’s capital are present.
Should this quorum not be met, a second meeting will be held one hour after the scheduled time for the first session. The second meeting will be considered valid regardless of the number of shares represented.
Electronic voting for the agenda items will open at 1:00 AM on Saturday, 18 July 2026, and will remain available until the conclusion of the General Assembly.
Shareholders who are unable to attend in person or via digital means may appoint a proxy, provided the proxy is not a member of the board.
The company has clarified that proxy forms are valid for this meeting and any subsequent adjourned sessions, though they do not apply if the meeting is held exclusively via modern technology.
Tihama Advertising recently filed a lawsuit with the Committee for Resolution of Securities Disputes (CRSD) against former board member and CEO Abdulaziz Najib Al Suwailem.
Source: Mubasher Source: {{details.article.source}}