Anaam to pay SAR 51.31M in ZATCA dues over 16 years

Logo of Anaam International Holding Group

Anaam International Holding Group said it had received approval from the Zakat, Tax and Customs Authority (ZATCA) to pay outstanding dues totaling SAR 51.31 million in monthly installments over 16 years, subject to the authority's terms and conditions.

 

In a statement to Tadawul, the company said the approval would have a positive impact on its financial results for the third quarter of 2026.

 

According to Argaam data, the company said in its 2025 annual report that it received a letter from ZATCA dated Feb. 25, 2018, demanding payment of SAR 106.93 million in Zakat differences for the years 1995 to 2016.

 

Anaam recognized a provision of SAR 18.37 million in its 2018 consolidated financial statements and an additional provision of SAR 88.55 million in 2019, bringing the total provisions recorded for the claim to SAR 106.92 million.

 

The following is a timeline of the company's Zakat dispute and subsequent developments:

 

Date

Event

Amount

Feb. 25, 2018

Anaam received a letter from ZATCA demanding payment of Zakat differences for 1995-2016.

SAR 106.93 mln

2018

The company recognized a provision in its consolidated financial statements.

SAR 18.37 mln

April 23, 2018

Anaam filed an objection with ZATCA but received no response.

--

2019

The company recognized an additional provision.

SAR 88.55 mln

Nov. 17, 2019

Anaam filed a statement of claim with the General Secretariat of the Zakat, Tax and Customs Committees.

--

June 23, 2021

The First Circuit ruled to accept some items and reject others

 

July 14, 2021

ZATCA appealed the items ruled in favor of Anaam.

 

July 22, 2021

Anaam appealed the rejected items. The company and ZATCA agreed to recalculate Zakat for the disputed years under the Executive Regulations for Zakat Collection.

 

Aug. 23, 2026

The outstanding dues were reduced to SAR 51.31 million, covering Zakat differences of SAR 106.93 million and withholding tax of SAR 138,940 before adjustments.

SAR 51.31 mln

Oct. 25, 2026

ZATCA notified Anaam that it had approved payment of the outstanding dues in monthly installments over 16 years, subject to its terms and conditions.

SAR 51.31 mln

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