Riyadh – Mubasher: Tihama Advertising, Public Relations and Marketing Company has officially announced its decision to file an appeal against a recent ruling by the Committee for Resolution of Securities Disputes (CRSD), according to a bourse disclosure.
The CRSD’s decision, which rejected Tihama Advertising’s claims in a lawsuit against the Middle East Financial Investment Company (MEFIC Capital), marks a significant development in a legal dispute involving the management of the Saudi Film Fund.
The latest announcement serves as a follow-up to the listed company’s previous disclosure dated 29 October 2025, in which Tihama Advertising detailed the commencement of legal proceedings against MEFIC Capital, specifically targeting the firm’s role as the manager of the Saudi Film Fund.
The litigation was brought before the CRSD, the specialized judicial body responsible for adjudicating disputes arising from the Capital Market Law and its executive regulations in Saudi Arabia.
Tihama Advertising confirmed that it will submit its appeal to the relevant appellate authority within the statutory period defined by Saudi law. This move underscores the company’s commitment to exhausting all available legal avenues to protect its interests and those of its shareholders.
The company noted that the decision to appeal was made after determining that there are valid legal aspects that require further consideration by a higher judicial authority.
Regarding the financial implications of these developments, the listed entity stated that there are currently no immediate costs associated with the ruling or the decision to appeal that differ from what was previously anticipated.
Furthermore, the company indicated that the current status of the litigation has not resulted in a material impact on its financial statements at this time
As the case transitions to the appellate stage, the outcome will be closely watched by investors and market participants.
