Latest news with #Tihama
Argaam
21-05-2025
- Business
- Argaam
Tihama submits capital cut request to CMA
Tihama Advertising and Public Relations Co. submitted on May 20 an application to the Capital Market Authority (CMA) for approval to reduce its capital by SAR 226.02 million, according to a statement to Tadawul. The capital decrease is subject to the applicable regulatory approvals, including the approval of the company's extraordinary general assembly. The company will announce any future developments in this regard later, the statement added. In March, Tihama's board of directors recommended a 43.5% capital cut to SAR 226.02 million from the current SAR 400 million to restructure capital to amortize accumulated losses, Argaam reported.
Saba Yemen
19-05-2025
- Entertainment
- Saba Yemen
Paragraphs from Tihama heritage at Arts Festival organized by Ministry of Culture in celebration of National Independence Day, May 22
Sana'a - Saba: The activities of the folk arts performance festival continue for the second day in Tahrir Square in the capital, Sana'a, organized by the Ministry of Culture and Tourism in celebration of the 35th National Day of the Republic of Yemen, May 22. The performances on the second day of the festival, which lasts for four days and is supported by the Heritage and Cultural Development Fund, included segments of Tihama's heritage accompanied by Zawamil expressing the Yemeni unity and the importance of adhering to it, preserving it, and defending it, as well as expressing the Yemeni people's support for the Palestinian cause and their solidarity with Gaza in facing the occupying Zionist entity. It is noteworthy that during the days of the festival, which is held under the slogan (From Sana'a to Gaza), a number of folkloric and heritage performances from various governorates and regions of Yemen will be presented, alongside the Bara'a dances accompanied by Zawamil expressing the significance of resisting the forces of domination and arrogance and their tools among agents and normalizers. Whatsapp Telegram Email Print more of (Local)
Saba Yemen
01-05-2025
- Politics
- Saba Yemen
Two Tribal Stands in Al-Luhiyah & Az-Zuhrah renew Pledge to support Palestine & confront US Aggression
Hodeida - Saba: The tribes of Bani Jami' in Al-Luhiyah district and the tribes of Al-Faranti in Az-Zuhrah district, Al Hodeida province, organized on Thursday two massive tribal stands to reaffirm their steadfastness and continued support for the cause of the Palestinians and to confront the American-Israeli aggression against Yemen and Gaza. Participants in the two stands raised banners condemning the brutal aggression on Gaza and Yemen, stressing that the systematic genocide faced by the Palestinians constitutes war crimes and reflects a shameful global silence, necessitating a unified stance from the free people of the nation. The people of Bani Jami' and Al-Faranti affirmed that the Yemeni people, particularly the tribes of Tihama, will remain at the forefront of Palestine's supporters, no matter the sacrifices. They emphasized that the nation's central causes, foremost among them Al-Quds , represent the core of the battle and the heart of the struggle against hegemonic forces. The participants strongly condemned the savage crimes committed by the American-Zionist aggression against civilians and infrastructure in Yemen and Gaza, stressing that these crimes will not fade with time and that the response will be through greater steadfastness and escalation. They declared their disavowal of anyone who betrays the homeland, sides with the forces of aggression, or justifies their crimes, asserting that history will not forgive those who fail to stand by their nations and peoples. Statements issued at the two stands expressed loyalty to the sacrifices of the martyrs and the mujahideen, emphasizing resistance and resilience as a strategic choice until the siege is broken and the schemes of hegemony are defeated. The statements affirmed that Yemen, its land, and its people will remain on the frontlines of confrontation against the American-Zionist project and will continue to provide unconditional support to the Palestinian resistance until victory and liberation are achieved. Whatsapp Telegram Email Print more of (Local)
Zawya
07-03-2025
- Business
- Zawya
Saudi: Tihama incurs lower net losses in 9M-24/25
Riyadh – The net loss of Tihama Advertising and Public Relations Company declined by 54.89% to SAR 14.57 million during the first nine months (9M) of fiscal year (FY) 2024/2025, compared to SAR 32.31 million in 9M-23/24. Meanwhile, the revenues hit SAR 57.60 million in April-December 2024, up 1.04% from SAR 57 million in the same period a year earlier, according to the financial results. Tihama attributed the marginal increase in revenue during 9M-24/25 to a growth in the retail and education sectors. The loss per share stood at SAR 0.35 in 9M-24/25, down from SAR 0.80 in 9M-23/24. Accumulated Losses Tihama recorded SAR 173.97 million worth of accumulated losses as of 31 December 2024. The amount represented 43.49% of the company's SAR 400 million capital. Third Quarter ended in December 2024 During the third quarter (Q3) of FY24/25, Tihama registered a net loss amounting to SAR 8.08 million, marking a 42.91% decline from SAR 14.16 million in Q3-23/24. Revenue dropped by 37.75% to SAR 11.93 million in Q3-24/25, compared to SAR 19.17 million in the same period a year earlier. On a quarterly basis, the company shifted to net losses in Q3-24/25 against net profits worth SAR 859.33 million in Q2-24/25, while the revenue fell by 65.49% from SAR 34.58 million. Earlier in the first half (H1) of FY24/25, Tihama registered a net loss of SAR 6.48 million, lower by 64.24% than SAR 18.14 million in H1-23/24. Meanwhile, the company's revenue rose by 20.61% year-on-year (YoY) to SAR 45.66 million in the six months period that ended on 30 September 2024 from SAR 37.83 million. The loss per share declined to SAR 0.16 in H1-24/25, compared with SAR 0.45 in the same period a year earlier. Source: Mubasher
