On Saturday 30/02/1442 AH corresponding to 17/10/2020 AD, First Appeals Chamber for Income Tax Interventions and Disputes formed in accordance with the Saudi Arabia Royal Decree No. 65474/1439 dated 23/12/1439 AH held its session in its headquarter in the city of Riyadh, to consider the appeal submitted on 05/01/1438, by the /…. Company on the decision of the First Instance Committee for Tax Zakat Objection Riyadh, No. (32) for the year 1437 AH issued regarding the taxpayer's objection no. (22/37) filed by the appellant against the General Authority For Zakat, Tax and customs, on which the preliminary decision concluded the following:

First: accepted the objection of …. Company on the Zakat assessment of the year ended on 31/12/2013 in form

Second: On the merits:

1. Rejected the taxpayer's objection regarding the item of unrealised gains for the reasons and merits stipulated in the decision.

2. The conclusion of the dispute regarding the donations item for the reasons and merits stipulated in the decision.