“Jebsco” expects to increase its net assets by 250 million riyals by adopting a new accounting policy

The Board of Directors of the National Gypsum Company (Gypsco), at its meeting held today, Tuesday, decided to adopt the use of the fair value model to measure investment properties.

The company said in a statement on: "Saudi Arabia trading"It expects its net assets to be positively affected after applying this model, with an increase estimated at about 250 million riyals, noting that the actual financial impact of net assets will be determined through the evaluation process in the financial statements ending on March 31, 2026.

The company pointed out that using the new accounting policy does not result in cash flow into the company.

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