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

03/04/2022 Argaam

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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read