Tihama Advertising, Public Relations and Marketing Company announces the latest developments regarding the liability lawsuit against a former board member.
| Element List | Explanation |
|---|---|
| Introduction | Tihama Advertising, Public Relations and Marketing Company announces the filing of a lawsuit with the Committee for Resolution of Securities Disputes against former board member 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 | 2025-06-23 Corresponding to 1446-12-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | With reference to the company's announcement dated March 9, 2025, including the approval of the company's general assembly to file a liability lawsuit against the company's former board member, Abdulaziz Najib Al-Suwailem.
And the Announcement on 23-06-2025 that the company has registered the complaint with the Capital Market Authority, which includes a claim for financial compensation.
On 15-09-2025, the company filed a lawsuit with the Committee for Resolution of Securities Disputes against former board member Abdulaziz Najib Al-Suwailem, demanding financial compensation for his transgressions. |
| 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 | If the company succeeds in the lawsuit, there will be a positive financial impact on the company's results, also the legal implications and risks of this case cannot be determined at this stage, and the company does not expect to bear any liability as a result of filing the lawsuit.
The company will announce any material developments in this regard |
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