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Al-Qassim Investment Holding Company announces the latest developments regarding the Authority’s amendment of the company’s zakat returns for the years 2014 to 2018 AD and a request for additional payments.
| Element List | Explanation |
|---|---|
| Introduction | Al-Qassim Investment Holding Company refers to its announcement on the Tadawul website on January 23, 2023 AD regarding the company’s petition against the committee’s decision regarding obliging the company to pay additional amounts for the year 2018 AD. In this regard, the company clarifies that it received from its zakat advisor on 12/02/2024 AD a decision from The Appeals Department indicates that the petition to reconsider the committee’s decision is not accepted and obliges the company to pay additional amounts for the year 2018 with amount 3,745,135 riyals. There will be no impact on the financial statements for the year 2023, as a zakat provision was previously made for this purpose. |
| Previous Announcement | Al-Qassim Investment Holding Company announces the latest developments regarding the Authority’s amendment of the company’s zakat returns for the years 2014 to 2018 AD and a request for additional payments. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-01-23 Corresponding to 1444-07-01 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | N/A |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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