premargin

National Panels Industry Company received a final ruling from the Appellate Customs Committee upholding a preliminary decision in its favor regarding a tariff classification dispute with the Zakat, Tax and Customs Authority.
The final decision cancels previously assessed customs differences totaling SAR 2,613,184.13, which will not be recorded as an expense or provision.
The company will recognize SAR 397,358.10 as an expense in its profit or loss statement.
No material impact is expected on the company’s cash flows beyond the recognized expense amount.

Element List	Explanation
Introduction	"With reference to the announcement of National Panels Industry Company on the Saudi Exchange website dated 05/06/1447 AH corresponding to 26/11/2025 regarding the issuance of a preliminary decision in the case registered under number CF‑2025‑263711, which ruled to cancel the collection decision related to the tariff classification dispute amounting to SAR 2,613,184.13. Accordingly, the defendant, the Zakat, Tax and Customs Authority, filed an appeal against the decision before the Appellate Customs Committees. On 26/03/2026, the Appellate Customs Committee issued its final decision under number CAR‑2026‑273884, ruling as follows: accepting the appeal submitted by the Zakat, Tax and Customs Authority in form, rejecting it in substance, and upholding the preliminary decision No. CFR‑2025‑263771 issued by the First Primary Customs Committee in Riyadh. "
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2025-11-26 Corresponding to 1447-06-05
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Issuance of a final ruling in favor of National Panels Industry Company.
Financial Impact on the change	"Cancellation of the previously assessed customs differences amounting to SAR 2,613,184.13, which will not be recorded as an expense or provision. Recognition of SAR 397,358.10 as an expense in the profit or loss statement. No material impact is expected on the company’s cash flows except for the accepted portion"
Additional Information	None.

Supplementary announcement from National Panels Industry Company regarding the announcement of National Panels Industry Company on the issuance of a preliminary decision by the First Customs Committee in Riyadh in the case registered under number CF‑2025‑263711.