Tariq M. Barri, CEO of Tihama, said that offering priority shares aims at financing the construction of the new Tihama Tower in Jeddah and extending activities of the company and its sister concerned companies. “The new move would further consolidate Tihama’s pioneering position in the Kingdom’s advertisement and public relations sector,” he said.

A meeting of Tihama’s board of directors held on Dec. 3, 2011 decided to increase its capital by SR150 million through offering priority shares.