Kuwait – Mubasher: Osoul Investment announced appointing tax consultant and a financial analyser in Saudi Arabia to calculate the tax imposed on the company in the Kingdom.
The company said that it received on Sunday a notice from the Saudi Department of Zakat and Income around the taxes imposed on the profits achieved from renting units in Al Marwa tower in Makkah with a beneficial interest.
Osoul noted that it formed a precautionary provision for the aforementioned subject of SAR 250,000 ($824,700) to face the obligations resulting from it.
