Addendum explanatory announcement from Tihama Advertising, Public Relations and Marketing Company regarding its announcement of 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 02-08-2026, regarding the lawsuit filed against the Middle East Financial Investment Company (MEFIC Capital) The company clarifies that the ruling was issued by the Appeal Committee for Resolution of Securities Disputes upholding the decision of the Committee for the Resolution of Securities Disputes. The Company also clarifies that it has reclassified the balance invested in the Saudi Film Fund as a financial asset at fair value through profit or loss; comparative balances were likewise reclassified from "other receivables" to financial assets at fair value through profit or loss, in accordance with International Financial Reporting Standards (IFRS) requirements. There is no cash impact resulting from this accounting reclassification. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-08-02 Corresponding to 1448-02-19 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | NA |
| Financial Impact on the change | NA |
| Additional Information | This announcement serves as a clarification and supplement to the previous disclosure |
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