“Jabal Omar” receives a notice from the “Zakat Authority” to implement a violation decision amounting to 357 million riyals

Jabal Omar Development Company announced that, on Monday, January 23, 2023, it had received a notification from the Zakat, Tax and Customs Authority to implement the decision of the Appeal Committee for Zakat and Tax Violations and Disputes for the years from 1434 AH to 2018, with an amount of 357 million riyals.

The company stated in a statement on “Saudi Tadawul”, today, Tuesday, that, according to the regulations and regulations of the General Secretariat of the Zakat, Tax and Customs Committees, it will submit a petition request to the Appeal Committee to reconsider the decision, indicating that any material developments in this regard will be announced.

And it indicated that it recorded in its financial statements ending on September 30, 2022, a zakat provision for the aforementioned years, at a value of 133 million riyals.