Jabal Omar Development Co. Announces an update on Jabal Omar Development Company announces the receipt of ZATCA notification for implementing the decision issued by TVDAC

Element List	Explanation
Introduction	Reference to the announcement of Jabal Omar Development Company on TADAWUL on 2-7-1444 H corresponding to 24-1-2023G regarding the company submitting a petition request to the Appeal Committee for Zakat and Tax Violations and Disputes.to reconsider the implementation of its decision to pay the amounts of zakat assessments for the years 1434H to 2018G in an amount of SR357 million.

Jabal Omar Development Company announces that the Appeal Committee has rejected today 8 August 2023 the petition, which will result in the company's commitment to pay the zakat assessments for the aforementioned years. Previous Announcement Jabal Omar Development Company announces the receipt of ZATCA notification for implementing the decision issued by TVDAC Date of Previous Announcement on Tadawul's Website 2023-01-24 Corresponding to 1444-07-02 Percentage of fulfilled achievement Not applicable Event's Expected Completion Date Not applicable Reasons for Exceeding the Announced End Date Not applicable The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable Impact of the Delay on the Company's Financial Results Not applicable

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