Bank Albilad announces the result of its agreement with the General Authority of Zakat and Tax on the settlement of Zakat claims for the prior years up to the end of the fiscal year of 2017, to pay an amount of SR 392.8 million. Bank Albilad would like to clarify that this settlement will result in a decrease in the shareholders' equity by SR 392.8 million. The settlement agreement will also includes the fiscal year of 2018 and Bank Albilad will disclose the amount due in financial statements subsequently.
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