Referring to the Capital Market Authority Circular No. (S/7/5/61/20) dated 02/01/2020G, which allows listed companies to use the fair value model or revaluation to measure real estate and investment properties for financial periods starting in 2022 or later, along with the related requirements.

We would like to emphasize that local banks listed on the Saudi Stock Exchange (Tadawul) must coordinate in advance with SAMA in case of a change to using the fair value model or revaluation to measure real estate and investment properties.