Anaam board decides to use fair value model to measure real estate

03/04/2022 Argaam
Logo ofAnaam International Holding Group Co.

Logo of Anaam International Holding Group Co.

Anaam International Holding Group Co.’s board of directors on March 31 decided to use the fair value, or revaluation model, to measure real estate and investment properties.

 

In a statement to Tadawul, Anaam said it expects a financial impact of SAR 33 million on net assets, starting July 1, 2022. 

 

The use of the new accounting policy does not result in a cash flow within the company, the statement noted.

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