Logo ofsas Makeen Real Estate Development and Investment Co.
Asas Makeen Real Estate Development and Investment Co.’s board approved today, Sept. 25, the adoption of a fair value model for measuring investment properties, following a recommendation from the audit committee and in line with international accounting standards applied in Saudi Arabia. 
The company said in a Tadawul filing that adopting the policy is expected to add about SAR 50 million to net assets, with the actual impact to be determined through property valuations in the financial statements for the year ending Dec. 31.
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Asas Makeen noted the impact will begin to appear in the 2025 financial statements and added that the new accounting policy will not generate cash inflows for the company.
Logo ofsas Makeen Real Estate Development and Investment Co.
Asas Makeen Real Estate Development and Investment Co.’s board approved today, Sept. 25, the adoption of a fair value model for measuring investment properties, following a recommendation from the audit committee and in line with international accounting standards applied in Saudi Arabia.
The company said in a Tadawul filing that adopting the policy is expected to add about SAR 50 million to net assets, with the actual impact to be determined through property valuations in the financial statements for the year ending Dec. 31.
For more news on listed companies
Asas Makeen noted the impact will begin to appear in the 2025 financial statements and added that the new accounting policy will not generate cash inflows for the company.
