Anaam Cuts Accumulated Losses to 9% of Capital

Riyadh, Saudi Arabia — Saudi financial regulator the Zakat, Tax and Customs Authority has reduced Anaam International Holding Group's accumulated losses to 9% of its capital, based on a reassessment of the company's Zakat liability dating back to 1995. The adjustment lowers the provision on Anaam's books, reducing the total accumulated losses to 29.52 million SAR.

Key Details The Zakat, Tax and Customs Authority reviewed Anaam's Zakat liability for the 1995-2011 period and reduced the provision accordingly. An external auditor confirmed the company's updated financial position. Effective September 30, 2026, the losses have decreased and are now below the 10% capital threshold. Significance This achievement is particularly meaningful in Saudi Arabia, where accumulations of losses above 20% trigger mandatory disclosures.

The regulatory reassessment, not operating performance, drove the loss reduction, signaling improved financial health. Investors should differentiate between structural improvement and the one-time Zakat adjustment. Remaining Losses Remainder of 29.52 million SAR in losses should be monitored, as it will require sustained operating performance to eliminate.

Audit Verification The external auditor's confirmation adds credibility to the 29.52 million SAR remaining loss figure, reducing risk of future revisions. Investor Implications The balance sheet risk has decreased to 9% of capital, but investors should approach this milestone with caution. The Zakat reassessment is a historical one-time event, not a recurring earnings boost.

A thorough evaluation of Anaam's operating results will determine if this regulatory cleanup portends a genuine recovery.