Tihama Advertising and Public Relations Co. Announces an update on filing a lawsuit against Riyadh Municipality in the Administrative court.
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of Tihama Advertising and Public Relations and Marketing Company on the Tadawul on 27-02-2022 regarding the ruling issued by the Administrative Court in Riyadh rejecting the company's lawsuit against the Municipality.
And The company’s announcement on Tadawul dated 27-03-2022 regarding submission of an appeal against the ruling rejecting the company's lawsuit against the Municipality.
The company would like to announce that it has received a letter from the company's lawyer stating that a ruling was issued by the Administrative Court of Appeal in Riyadh on 06-12-2022 accepting the company's appeal and canceling the ruling issued by the Administrative Court in Riyadh and the judiciary to reject the company's lawsuit against the municipality. |
| Previous Announcement | Tihama Advertising and Public Relations Co. Announces an update on filing a lawsuit against Riyadh Municipality in the Administrative court. |
| Date of Previous Announcement on Tadawul's Website | 2022-03-27 Corresponding to 1443-08-24 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | It cannot be determined at this time |
| Reasons for Exceeding the Announced End Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | It cannot be determined at this time |
| Impact of the Delay on the Company's Financial Results | Not applicable |
| Additional Information | After receiving the verdict deed, which is scheduled on 21-12-2022, and in coordination with the company’s lawyer, the company will study the verdict and its reasons, and determine the next steps based on the above. The company will announce any material developments in this regard. |
Comments