Deposit audited statements on Qawaem

Article 17 of the Companies Law requires a company to prepare financial statements at the end of each financial year, under the accounting standards adopted in the Kingdom, and to deposit them within six months of the year-end, as the regulations specify. Article 4 of the executive regulations requires that deposit, and the auditor’s report where there is one, through the Qawaem programme. Article 262 punishes a failure to prepare those statements, or to deposit them as the law requires, with a fine of not more than SAR 500,000. The Ministry of Commerce may also send a warning when the deposit is late. ISZ Global does not upload the file and does not sign the audit.

Jeddah

Audit Firms in Jeddah

Jeddah audits turn on stock, goods in transit through the Islamic Port, and partner current accounts that funded the last shipment. A computation copied from a Riyadh investment company will mis-state a trader. The signing firm still needs a SOCPA licence. Banks on the Corniche read the opinion next to the Zakat certificate. Tell us whether inventory or a foreign principal's goods are the hard asset. Keep the Zakat preparer and the auditor as two appointments.

ISZ Global matches you with vetted firms. You appoint. We do not file, we do not sign an audit, and we do not take a success fee. The shortlist is free for owners.

A statutory audit is a SOCPA appointment

A Saudi statutory audit opinion is signed by a firm and partner licensed by the Saudi Organization for Chartered and Professional Accountants. The auditor should not be the person who keeps the books, and should not be the firm that prepares the Zakat or income-tax return for the same entity.

Questions owners ask

Does ISZ Global do this work?

No. We introduce vetted firms. The firm you appoint does the work under its own licence. The shortlist is free for owners.

Is a Jeddah trading audit the same as a Riyadh holding audit?

No. Stock, goods in transit and partner accounts usually decide the Jeddah file.

Sources

Saudi-owned shares of a resident company are generally subject to Zakat. Non-Saudi shares are generally subject to corporate income tax at 20% of taxable income. Mixed-ownership companies apportion the two. Source: ZATCA — Income Tax and Zakat (https://zatca.gov.sa/en/RulesRegulations/Taxes/Pages/default.aspx). Last reviewed 2026-10-28.

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