Qawaem Financial Statements Preparation & Filing
We prepare your annual financial statements and submit them electronically to the Saudi Business Center through the Qawaem platform. Complete compliance with Ministry of Commerce requirements.
Understanding Qawaem
Essential information about financial statements and the Qawaem platform
What are Financial Statements?
Financial statements are a structured set of a company's financial data presented as written statements prepared according to accounting standards to reflect business performance and financial position.
What is the Qawaem Platform?
Qawaem is an electronic system that enables companies with a Saudi commercial registration (CR) to file their financial statements electronically with the Saudi Business Center.
Who Must File on Qawaem?
Entities required to file (depending on entity type) include
General Partnership
Limited Partnership
Joint Stock Company
Simplified Joint Stock Company
Limited Liability Company (LLC)
Foreign / GCC Company Branches
β οΈ Penalties for Late / Non-Filing
A financial penalty (fine) may be imposed for non-compliance
A prior warning may not be required before imposing the penalty
Repeated violations may increase the fine by 25% compared to the previous year
Notifications may be sent via SMS or email according to official procedures
6-Month Deadline
Companies must file within six months of the financial year-end. A late filing violation may be recorded after the statutory period ends.
Our Qawaem Service (End-to-End)
Complete support from preparation to submission
Financial Statements Preparation
- Prepare annual financial statements aligned with accounting standards
- Review financial data for filing readiness
- Organize and format required documents
Qawaem Upload & Submission
- Submit/upload financial statements on the Qawaem platform
- Follow up until filing is completed
- Deadline reminders to prevent late filing
Best For
- SMEs and startups
- Founders and business owners
- Companies wanting fast, compliant filing without operational disruption
Need Help with Qawaem Filing?
Contact us today for expert assistance in preparing your Financial Statements. We'll ensure your records are accurate, compliant, and filed on time.