Alawwal bank announces that it had entered into an agreement with the General Authority of Zakat and Tax to settle the Zakat claims of the previous financial years until the end of the 2017 financial year for a total amount of SR 374,475,908. Alawwal bank would like to advise that the settlement would result in changes in shareholders equity with a decrease of SR 100,407,435. The settlement will also include the 2018 financial year; Alawwal bank will later disclose the amount due for such year in the financial statements of the bank.
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