GACO ordered to pay SAR 6.4M in 2021-22 Zakat differences

Logo of Al Gassim Investment Holding Co. (GACO)

Al Gassim Investment Holding Co. (GACO) received notices from the Zakat, Tax, and Customs Authority (ZATCA) on the amended 2021-2022 declarations, demanding SAR 6.39 million in Zakat differences.

 

In a Tadawul filing today, Oct. 22, the company stated that it had submitted its Zakat declarations and settled the due Zakat as per calculations provided by external Zakat advisors and auditors.

 

For more news on listed companies

 

It has set aside a provision worth SAR 5.49 million as of Sept. 30, 2024, to cover these differences.

 

The company can object to the amendments within 60 days of receiving the notices.

 

GACO plans to file an appeal through its Zakat advisor within this period.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,882.65
(142.40) (1.18 %)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,850.0011,900.0011,950.0012,000.0012,050.00
Close : 11882.65 | Apr 3, 15:20
More

Quotes

GACO
18.44
(0.56) (2.95%)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,850.0011,900.0011,950.0012,000.0012,050.00
Close : 11882.65 | Apr 3, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website