According to the Tadawul announcement dated 14/01/2024, Tihama Advertising and Public Relations Co.(4070.SA) (TAPRCO) has reported a significant development regarding its financial restructuring process. The Riyadh Commercial Court, Ninth Circuit, has issued a ruling with two key decisions:

1. Rejection of the Financial Restructuring Proposal:
  - The court has rejected the request to ratify the financial restructuring proposal put forward by Tihama Advertising, Public Relations and Marketing Co.

2. Termination of the Financial Restructuring Procedure:
  - The court has also decided to end the financial restructuring procedure for the company.

Tihama Advertising and Public Relations Company assures its shareholders that these rulings will not impact the company's continuity, nor will they affect its financial and legal position. The company also confirms the ongoing operation of its business activities.

This announcement follows the previous notification dated 22/11/2023, where Tihama Advertising had announced the opening of the financial restructuring procedure. The company has emphasized that operational operations will continue despite the court's decision.