11. Trade Receivables

Related party balances amounting to Saudi Riyals 335.31 million (December 31, 2024: Saudi Riyals 446.73 million) have been offset against the related party trade payables in the statement of financial position. For details, refer to Note 22.

Due to the short-term nature of the trade receivables, their carrying amounts are considered to approximate their fair value and are generally settled within 12 months from the reporting date.

Movement in provision for impairment of trade receivables is as follows:

Information about the impairment of trade receivables and the Company’s exposure to credit risk, market risk and liquidity risk is disclosed in Note 32.2.