The former CEO files a lawsuit against the company

Tihama Advertising, Public Relations and Marketing Company announced that the former (Abdulaziz Najib Al-Suwailem) filed a labor contract against the company.
The company said in a statement on the Saudi Tadawul: The location and name of the judicial authority with jurisdiction is the labor court in Riyadh.
She added that the date of the lawsuit was 06/08/1446, corresponding to 12/09/2024.
Tihama pointed out that according to what was stated in the plaintiff’s lawsuit, he filed the lawsuit due to the termination of the contract without a legitimate reason.
It should be noted that on 05/03/1446, corresponding to 11/05/2024, Board of Directors Resolution No. 65 was issued approving the dismissal of the CEO – Abdulaziz Najib Al-Suwailem from his position, and as a result of this procedure, the plaintiff filed a labor lawsuit against the company.
According to the lawsuit, the claim amount of 12,357,125 riyals is job entitlements as stated in the lawsuit. Regarding the expected financial impact, it cannot be determined at this stage, and any developments related to this case will be announced in due course.
She stated that it is not possible at this stage to determine the legal consequences and risks of this case, and any developments related to this case will be announced in due course.
Tihama Company has authorized the legal advisor to follow up on the lawsuit, and it is not possible at this stage to estimate the responsibility that it may bear as a result of the lawsuit until the start of the judicial hearings, and any developments related to this case will be announced in due course.