Tihama Advertising, Public Relations and Marketing Company announces the latest developments regarding the labor lawsuit filed by the former CEO against the company.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Tihama Advertising, Public Relations, and Marketing Company dated December 12, 2024, regarding the filing of a labor lawsuit by the former CEO against the company at the Riyadh Labor Court,
The company announces the issuance of the preliminary ruling on October 12, 2025, obligating the company to pay the plaintiff the sum of 12,223,078.77 Saudi Riyals.
This ruling is preliminary and has not yet become final. The company will appeal it within the statutory period before the Labor Appeals Court. |
| Previous Announcement | Tihama Advertising, Public Relations and Marketing Company announces the filing of a lawsuit against the company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-12 Corresponding to 1446-06-11 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company announces the issuance of the preliminary ruling on October 12, 2025, obligating the company to pay the plaintiff the sum of 12,223,078.77 Saudi Riyals.
This ruling is preliminary and has not yet become final. The company will appeal it within the statutory period before the Labor Appeals Court. |
| 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 | There is no direct financial impact at this stage, and any impact will be announced later when the final judgment is issued. |
| Additional Information | The company confirms that it will take all necessary legal measures to appeal the ruling and will disclose any subsequent material developments in due course. |
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