The Company deposited Saudi Riyals 383.08 million (December 31, 2024: Saudi Riyals 450.14 million) in Murabaha deposits. The accrued profit from Murabaha deposits amounted to Saudi Riyals 2.68 million (December 31, 2024: Saudi Riyals 2.16 million). These short-term deposits, with maturity periods ranging from 112 days to 170 days, were held with commercial banks and are due to mature by April 7, 2026. The Company placed short-term Murabaha deposits on a recurring basis during the year ended December 31, 2025.
The Murabaha deposits are held with banks having sound credit ratings. The fair value at each reporting date is estimated to be the same as their carrying value as they are short-term in nature and profit on Murabaha deposits is based on market prevailing rates.