The company said in a statement to the Saudi market (Tadawul) today, Thursday, that it had received a notice from Aramco yesterday stating the value of the retroactive effect owed to the company of SR 112 million, including VAT. Added.
(SASCO) clarified in the statement that the amount indicated represents the company's entitlements from retroactivity for the period from August 23, 2018 until February 1, 2020, as proven in Annual financial statements until the end of 2019 and the preliminary financial statements for the period ending March 31, 2020.
According to the statement, the company has established the full value of the retrospective value in the annual financial statements for the period ended December 31, 2019 and the preliminary financial statements for the period ending March 31, 2020, and thus does not There is a financial impact on future financial statements.
(SASCO) profits decreased 8.6% in the first quarter of this year, to reach 8.12 million riyals, compared to profits of 8.88 million riyals for the same period in 2019 .
