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Tihama Advertising, Public Relations and Marketing Company announces the latest developments regarding the lawsuit filed against the Middle East Financial Investment Company (MEFIC Capital).
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Tihama Advertising, Public Relations and Marketing Company published on Tadawul website on 29-10-2025, regarding filing a lawsuit at the Securities Disputes Resolution Committee against the Middle East Financial Investment Company (MEFIC Capital) in its capacity as manager of the Saudi Film Fund, the company would like to announce to its esteemed shareholders that the Securities Disputes Resolution Committee has issued a decision rejecting the company’s claims in the lawsuit. After studying its regulatory reasons by the management and the legal advisors, the company saw that there were regulatory aspects that warranted exercising its right to appeal, and it decided to submit an appeal request to the competent authority within the prescribed regulatory period. |
| Previous Announcement | Addendum explanatory announcement from Tihama Advertising, Public Relations and Marketing Company regarding its announcement of filing a lawsuit at the Securities Disputes Resolution Committee against Middle East Financial Investment Company (MEFIC Capital). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-29 Corresponding to 1447-05-07 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Securities Disputes Resolution Committee has issued a decision rejecting the company’s claims in the lawsuit. After studying its regulatory reasons by the management and legal advisors, the company saw that there were regulatory aspects that warranted exercising its right to appeal, and it decided to submit an appeal request to the competent authority within the prescribed regulatory period. |
| 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 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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