| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Tihama Advertising, Public Relations and Marketing Company dated 16-09-2025, regarding the filing of a lawsuit with the Committee for Resolution of Securities Disputes against former board member Abdulaziz Najib Al-Suwailem. The company announces the issuance of a preliminary decision by the Committee for Resolution of Securities Disputes in the lawsuit filed by the company against former Board Member and former CEO Abdulaziz Najib Al-Suwailem. |
| Previous Announcement | Tihama Advertising, Public Relations and Marketing Company announces the latest developments regarding the liability lawsuit against a former board member. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-16 Corresponding to 1447-03-24 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Tihama Advertising, Public Relations and Marketing Company announces the issuance of a preliminary decision by the Committee for Resolution of Securities Disputes in the lawsuit filed by the company against former Board Member and former CEO Abdulaziz Najib Al-Suwailem. The Committee’s decision included a lack of jurisdiction to consider some requests, the inadmissibility of others for procedural and legal reasons, and the dismissal of all other requests. The company wishes to clarify that the decision did not address the substance of some claims due to jurisdictional and procedural considerations, and did not rule on the merits of those claims. After studying the decision and its reasons with the company’s legal advisors, the company decided to exercise its legal right to object to the decision and appeal it to the competent authority within the legal period. The company will announce any material developments in this matter in accordance with applicable regulations and instructions. The company affirms that it will continue to take all necessary legal measures to protect its rights and the rights of its shareholders. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Nothing |
Tihama Advertising, Public Relations and Marketing Company announces the latest developments regarding the liability lawsuit against a former board member.
AI Summary
- Tihama Advertising, Public Relations and Marketing Company received a preliminary decision from the Committee for Resolution of Securities Disputes regarding its liability lawsuit against former CEO and board member Abdulaziz Najib Al-Suwailem.
- The Committee dismissed all requests, citing a lack of jurisdiction for some claims and procedural inadmissibility for others, without ruling on the merits of those specific claims.
- The company plans to exercise its legal right to appeal the decision within the specified legal period following consultation with legal advisors.
