Article details
Hussein Masoud Al-Dosari, former CEO of Tihama Advertising, Public Relations and Marketing Co., stated he will legally contest all allegations of financial and administrative violations recently announced by the company's board. He emphasized that these statements remain mere claims without any final judicial ruling. Al-Dosari highlighted his tenure's achievements, noting that total group expenses were reduced by 67% from SAR 55.76 million to SAR 18.36 million through structural reorganizations.
Furthermore, Al-Dosari revealed that the restructuring process addressed annual loss-making operations worth approximately SAR 8 million and that liquidating Tihama Education generated nearly SAR 12 million in profit, with Tihama Modern Libraries expected to generate SAR 16 million upon final liquidation. He criticized the current board for impeding his duties and announced plans to submit documents to legal authorities to protect shareholder interests.
