Saudi Arabian Amiantit Co. Announces an update on Announcement of Saudi Arabian Amiantit by receiving the letters of the Zakat, Tax and Customs Authority
| Element List | Explanation |
|---|---|
| Introduction | Further to what Saudi Arabian Amiantit Company announced on Tadawul on 11-04-1445H corresponding to 26-10-2023G about the financial impact of recording SAR 115 million as an additional provision for Zakat in the third quarter of 2023, and what is mentioned in the previous company's announcements.
The company would like to announce that after several negotiations and meetings with the Zakat, Tax and Customs Authority "the Authority", the company received today 28-04-1445H corresponding to 12-11-2023G an approval from the Authority on an installment plan for the amounts of Zakat due from the company to the Authority, and the installment plan included the amounts due for Zakat for the years from 2015G to 2020G with a total amount of 277,745,157.80 Saudi riyals, and the plan is based on the following: - - Assignment of a claim with a government entity amounting SAR 29.185 million. - And the remaining amount in semi-annual installments starting in the second quarter of 2024G for a period of 4 years according to the following details: -
1- The first installment of SAR 7.5 million on 30-04-2024G. 2- The second installment of SAR 7.5 million on 30-10-2024G. 3- The third installment of SAR 7.5 million on 30-04-2025G. 4- The fourth installment of SAR 7.5 million on 30-10-2025G. 5- The fifth installment of SAR 7.5 million on 30-04-2026G. 6- The sixth installment of SAR 7.5 million on 29-10-2026G. 7- The seventh installment of SAR 101.780 million on 29-04-2027G. 8- The eighth installment of SAR 101.780 million on 31-10-2027G. |
| Previous Announcement | Announcement of Saudi Arabian Amiantit by receiving the letters of the Zakat, Tax and Customs Authority |
| Date of Previous Announcement on Tadawul's Website | 2023-10-26 Corresponding to 1445-04-11 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | Not applicable |
| Reasons for Exceeding the Announced End Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Impact of the Delay on the Company's Financial Results | Not applicable |
| Additional Information | The Company would like to note that these amounts include the previously announced years from 2015G to 2018G as well as the years 2019G & 2020G. |
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