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Issuance of appellate tax rulings
Asool Investment Company announced that it has received an appellate decision regarding income tax violations and disputes, which approved its appeal and ordered a reconsideration of the case related to the tax assessment for the period from 2006 to 2014. The company also filed a new lawsuit in Riyadh to address its objections to the tax assessments for the same period, indicating that it will announce any future developments after the issuance of the final judgment. In the first quarter of 2026, the company achieved a profit of 204.2 thousand dinars, compared to a loss of 299.63 thousand dinars in the same period of the previous year.
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