Today, Sunday, Nama Chemicals Company announced the developments of the zakat status on the company for 21 years, extending from the period from 2000 to 2020.
The company said, in a statement on the website of the Saudi Stock Exchange “Tadawul”, today, Sunday, that: The final zakat assessment value From 2000 to 2020, it amounted to 140.02 million riyals.
She added that the total amount paid for the zakat assessments for these twenty years until 2020 amounted to 73.36 million riyals, which means that the additional zakat assessments amount to 76.82 million riyals.
She indicated that the value of the provisions recorded in the company’s books until the end of 2020 amounted to 29.53 million riyals, and based on the decision received from the General Secretariat of the Tax Committees, which includes canceling the additional claim in full, amounting to 38.8 million riyals for the years from 2000 to 2011, and the professional opinion received from the zakat advisor related to the provision Required for the years following the year 2011 to become 8.5 million riyals.
Nama Chemicals pointed out that the company decided to reverse the additional zakat provisions for previous years, amounting to 21.04 million riyals, whose positive impact will appear in the lists for the fourth quarter of 2021.
