‎Anaam to pay SAR 51.3M in ZATCA dues in installments over 16 yrs

‎Anaam to pay SAR 51.3M in ZATCA dues in installments over 16 yrs ‎Anaam to pay SAR 51.3M in ZATCA dues in installments over 16 yrs

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Logo of Anaam International Holding Group

Anaam International Holding Group announced that it has been notified by the Zakat, Tax and Customs Authority (ZATCA) of the approval to pay its outstanding dues—totaling SAR 51.31 million—in monthly installments over a period of 16 years, in accordance with the terms and conditions established by the authority.

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In a statement to Tadawul, the company said the positive financial impact would be reflected in its financial results for Q3 2026.

According to data available on Argaam, the company said in its 2025 annual report regarding its Zakat status that it received a letter from the ZATCA dated Feb. 25, 2018, demanding payment of Zakat differences amounting to SAR 106.93 million for the years 1995 to 2016.

A provision of SAR 88.55 million was recognized for this claim in 2019, in addition to the provision of SAR 18.37 million recorded in the 2018 consolidated financial statements, bringing the total provision recorded in the consolidated financial statements to SAR 109.93 million.

Date

Event

Amount

Feb. 25, 2018

The company received a letter from ZATCA demanding payment of Zakat differences for 1995–2016

SAR 106.93 mln

2018

Provision recorded in the consolidated financial statements

SAR 18.37 mln

April 23, 2018

Anaam filed an objection with the authority; no response was received

—

2019

Anaam recognized an additional provision

SAR 88.55 mln

Nov. 17, 2019

Filed a statement of claim with the General Secretariat of the Zakat, Tax and Customs Committees

—

June 23, 2021

The First Circuit ruled to accept some items and reject others

July 14 2021

ZATCA appealed the items accepted in favor of the group

July 22 2021

The group appealed the rejected items. The group and ZATCA agreed to recalculate Zakat for the disputed years in accordance with the Executive Regulations for Zakat Collection

Aug. 23, 2026

Outstanding dues were reduced, covering Zakat differences of SAR 106.93 million and withholding tax of SAR 138,940

SAR 51.31 mln

Oct. 25, 2026

ZATCA notified the company of its approval to settle the outstanding dues in monthly installments over 16 years, subject to its approved terms and conditions

SAR 51.31 mln

 

‎

Logo of Anaam International Holding Group

Anaam International Holding Group announced that it has been notified by the Zakat, Tax and Customs Authority (ZATCA) of the approval to pay its outstanding dues—totaling SAR 51.31 million—in monthly installments over a period of 16 years, in accordance with the terms and conditions established by the authority.

In a statement to Tadawul, the company said the positive financial impact would be reflected in its financial results for Q3 2026.

According to data available on Argaam, the company said in its 2025 annual report regarding its Zakat status that it received a letter from the ZATCA dated Feb. 25, 2018, demanding payment of Zakat differences amounting to SAR 106.93 million for the years 1995 to 2016.

A provision of SAR 88.55 million was recognized for this claim in 2019, in addition to the provision of SAR 18.37 million recorded in the 2018 consolidated financial statements, bringing the total provision recorded in the consolidated financial statements to SAR 109.93 million.

Date

Event

Amount

Feb. 25, 2018

The company received a letter from ZATCA demanding payment of Zakat differences for 1995–2016

SAR 106.93 mln

2018

Provision recorded in the consolidated financial statements

SAR 18.37 mln

April 23, 2018

Anaam filed an objection with the authority; no response was received

—

2019

Anaam recognized an additional provision

SAR 88.55 mln

Nov. 17, 2019

Filed a statement of claim with the General Secretariat of the Zakat, Tax and Customs Committees

—

June 23, 2021

The First Circuit ruled to accept some items and reject others

July 14 2021

ZATCA appealed the items accepted in favor of the group

July 22 2021

The group appealed the rejected items. The group and ZATCA agreed to recalculate Zakat for the disputed years in accordance with the Executive Regulations for Zakat Collection

Aug. 23, 2026

Outstanding dues were reduced, covering Zakat differences of SAR 106.93 million and withholding tax of SAR 138,940

SAR 51.31 mln

Oct. 25, 2026

ZATCA notified the company of its approval to settle the outstanding dues in monthly installments over 16 years, subject to its approved terms and conditions

SAR 51.31 mln

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