Anaam says dues to ZATCA fall to SAR 51.3M

Anaam expects a positive financial impact to appear in its Q3 2026 financial results

Anaam International Holding Group said amounts due to the Zakat, Tax and Customs Authority (ZATCA), comprising SAR 106.93 million in Zakat differences and SAR 138,940 in withholding tax, have been reduced to SAR 51.31 million.

 

In a statement to Tadawul, the company said the reduction followed its request to apply the Executive Regulations for Zakat Collection issued under Ministerial Resolution No. 1007 dated Feb. 29, 2024.

 

ZATCA approved the request after determining that the relevant conditions had been met and that it was submitted within the statutory period. The reduction followed extensive efforts and cooperation between the group’s management and the authority, the company said.

 

Anaam expects a positive financial impact to appear in its Q3 2026 financial results. It said it will announce any material developments in due course in accordance with applicable regulations.

 

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.
 
On April 23, 2018, the group filed an objection with the Authority for the aforementioned period but received no response. On Nov. 17, 2019, the group filed a statement of claim with the General Secretariat of the Zakat, Tax and Customs Committees for the years in question. This was followed by a decision issued by the First Circuit for Adjudication of Income Tax Violations and Disputes on June 23, 2021, which accepted some items and rejected others.
 
On July 14, 2021, the authority filed an appeal against the items accepted in favor of the group, while the group filed an appeal on July 22, 2021, against the rejected items. Anaam and the authority agreed to recalculate the zakat for the years under dispute in accordance with the Implementing Regulations for Zakat Collection.

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