Banks listed on Saudi Stock Exchange (Tadawul) have agreed with the General Authority of Zakat and Tax to settle Zakat claims for the previous financial years and until the end of the fiscal year 2017.

 

The banks include Banque Saudi Fransi, Riyad Bank, National Commercial Bank, Bank AlJazira, Alinma Bank, Arab National Bank, Saudi Investment Bank, Bank Albilad, Alawwal Bank, Saudi British Bank, Samba Financial Group and Al Rajhi Bank.

 

The settlement will also be applicable for the fiscal year 2018, and the amount due will be disclosed in subsequent financial statements, the banks said in separate statements to Tadawul on Thursday.

 

Zakat Settlement

Bank

Settlement Amount

(SAR mln)

Effect on shareholders’ equity

(SAR mln)

Al Rajhi

5,405.27

(5,405.27)

Samba Financial Group

2,316.00

(1,816.00)

Alawwal Bank

374.48

(100.4)

Banque Saudi Fransi

1,510.67

(1,510.67)

Bank AlJazira

551.50

(551.50)

Riyad Bank

2,969.72

(787.35)

Saudi Investment Bank

775.45

(775.45)

Bank Albilad

392.80

(392.80)

Saudi British Bank

1,628.07

(1,128.07)

Alinma Bank

Nil

Nil

Arab National Bank

649.02

+1,113.3

National Commercial Bank

182.68

+105.00

 

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Quotes

ALRAJHI
90.30
0.40 0.44%
ALBILAD
36.85
0.45 1.24%
ANB
20.00
(0.10) (0.50%)
BJAZ
17.90
0.38 2.17%
RIBL
27.90
(0.50) (1.76%)
SAB
32.20
0.30 0.94%
SAMBA
38.50
1.70 4.62%
BSF
32.90
(0.20) (0.60%)
Alawwal
19.58
0.28 1.45%
SAIB
14.06
(0.20) (1.40%)
ALINMA
28.20
0.20 0.71%
SNB
32.75
(0.25) (0.76%)


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