Saudi Cable to settle 2005-2012 Zakat claims worth SAR 66 mln

02/02/2020 Argaam

 

Saudi Cable Co. approved the decision of the Zakat & tax violations committee at the General Authority of Zakat & Tax (GAZT), to settle Zakat claims from 2005 until the end of 2012 worth SAR 65.8 million.

 

Accordingly, shareholders’ equity will increase by SAR 32.8 million, the company said in a bourse statement on Sunday.

 

The amount due will be disclosed later in the financial statements, the statement added.

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