Anaam Holding BOD approves using real estate fair value model

Anaam International Holding Group Company announced that its board of directors has taken a decision on 28-08-1443 AH corresponding to 31-03-2022 AD to use the fair value or revaluation model to measure real estate and investment properties.

As for the expected financial impact on net assets, it is 33 million Saudi riyals with an increase, and the expected financial impact will start from July 1^st, 2022.

In this regard, the Company would like to point out that the use of the new accounting policy does not result in a cash flow within the Company.