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Announcement from The Saudi Investment Bank on the Result of the Settlement of Zakat Claims with the General Authority of Zakat and Tax.

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Element List Explanation
Announcement Detail The Saudi Investment Bank announces that it has agreed with the General Authority of Zakat and Tax on the settlement of Zakat claims for the prior years up to fiscal year 2017 against a payment of SR 775,448,650. The Saudi Investment Bank would also like to clarify that this settlement will result in a decrease to the shareholders' equity by SR 775,448,650. The settlement agreement also includes the fiscal year 2018 and The Saudi Investment Bank will disclose the amount due in subsequent financial statements.

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