Announcement from The National Commercial Bank on the outcome of the Zakat Settlement claims with the General Authority of Zakat and Tax.
| Element List | Explanation |
|---|---|
| Announcement Detail | The National Commercial Bank "NCB" announces the result of its agreement with the General Authority of Zakat and Tax on the Zakat claims up until the end of the fiscal Year 2017 with a payment of SR 182,684,611.
NCB would also like to clarify that the settlement will result in an increase in shareholders’ equity by SR 105 Million. Furthermore, the settlement agreement includes the fiscal Year 2018 and the bank will disclose the due amount in its year end financial statements. |
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