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Asharqiyah Development says Zakat provision increased to SAR19.292m

Asharqiyah Development says Zakat provision increased to SAR19.292m
Asharqiyah Development says Zakat provision increased to SAR19.292m
SHARQIYAH DEV
6060
48.80% 23.54 7.72

Riyadh – Mubasher: Saudi listed Asharqiyah Development Company said it receives a letter from the General Authority of Zakat and Tax stating the company obligation towards the Authority for a total amount of SAR19.292 million.

The company stated that the the Zakat amounts provisioned previously between the years of 1991 to 2014 amounted to SAR8.974 million, while the amounts provisioned between 1991 to 1995 reached SAR3.762 million and were paid in total.

Moreover, the remaining from 1996 to 2014 at a total of SAR5.212 million was not paid yet.