Tihama files CMA complaint against Al-Suwailem, seeks compensation

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co. submitted a complaint to the Capital Market Authority (CMA) against former board member Abdul Aziz bin Najeeb Al-Suwailem, seeking financial compensation.

In a statement on Tadawul, the company said today, June 23, it will take all necessary legal measures to safeguard its interests and shareholder rights.

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Any material developments will be disclosed, the statement added.

Tihama’s board of directors approved in November the dismissal of CEO Al-Suwailem from his position, according to Argaam’s data.

In May, Tihama said Al-Suwailem resigned from his position as an executive board member and Managing Director due to personal reasons, with the company retaining its legal right to monitor all violations and retaliate in this regard.

In December 2024, the board of directors revealed that Al-Suwailem filed a labor case against the company at the Riyadh Labor Court, claiming that the termination was unjustified and seeking SAR 12.4 million in compensation.

In March, shareholders approved filing a liability lawsuit against Al-Suwailem in his former board role and authorized the board to take the necessary legal and regulatory steps.