| Element List | Explanation |
|---|---|
| Introduction | Further to what was announced on Tadawul website on 23 October 2024 regarding the receipt of amended Zakat assessment notices for the fiscal years 2021 and 2022, which included a demand for the payment of additional amounts, The Company announces that it has received, on 18 January 2026, through its Zakat advisor, Zakat assessment notices issued by the Zakat, Tax and Customs Authority for the fiscal years 2021 and 2022, in accordance with the Zakat Collection Regulations issued for the year 1445H. The total Zakat amount assessed is SAR 5.34 million, compared to SAR 9.74 million under the previous regulations, resulting in savings amounting to SAR 4.39 million. The positive financial impact arising from this adjustment will be reflected in the Company’s financial statements for the fiscal year 2025. The Company further notes that it had previously recognized adequate provisions to cover any potential final differences. |
| Previous Announcement | Al-Gassim Investment Holding Co. announces that it has received letters from The General Authority of Zakat, Tax and Customs Return amendment for the years 2021, 2022 AD, and to demand additional payments. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-10-23 Corresponding to 1446-04-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces that it has received, on 18 January 2026, through its Zakat advisor, Zakat assessment notices issued by the Zakat, Tax and Customs Authority for the fiscal years 2021 and 2022, in accordance with the Zakat Collection Regulations issued for the year 1445H. The total Zakat amount assessed is SAR 5.34 million, compared to SAR 9.74 million under the previous regulations, resulting in savings amounting to SAR 4.39 million. The positive financial impact arising from this adjustment will be reflected in the Company’s financial statements for the fiscal year 2025. The Company further notes that it had previously recognized adequate provisions to cover any potential final differences. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
