Mubasher: Munshaat Real Estate Projects announced that it has repaid SAR 140 million ($37.4 million) to the Saudi General Authority of Zakat and Tax (GAZT).
The Kuwaiti company clarified that it has repaid all taxes to the Saudi GAZT until 2017, according to a bourse statement on Sunday.
Munshaat said that the financial impact will be a reduction of SAR 140 million in the creditors' account and a decrease of SAR 69 million in banks’ accounts, as well as a reduction of SAR 71 million as credit by related parties.
