Riyadh – Mubasher: Al Baha Investment and Development Company announced that it has received a resolution settling a tax appeal.

The settlement will reduce a Zakat liability on the company for the years between 2000 and 2010 from SAR 16.85 million to SAR 12.068 million, according to a statement to the Saudi Stock Exchange (Tadawul).

Al Baha expects the decision to reflect on its financial results for 2019.