Naqi Water discloses dividend distribution policy for coming 3 years

Logo of Naqi Water Co.

Naqi Water Co.’s board of directors approved today, Jan. 19, a recommendation to adopt the company’s dividend distribution policy for the next three years.

In a statement to Tadawul, the company said the dividend distribution policy is SAR 2 per share for 2026, at 20% of the share’s nominal value; SAR 3 per share for 2027, representing 30% of the share’s nominal value; and SAR 4 per share for 2028, or 40% of the share’s nominal value.

Dividends will be distributed on a semi-annual basis after the board is authorized by the company’s shareholders.

The policy shall be effective starting from the beginning of 2026 for a period of three years, commencing with the first-half distributions of 2026 and concluding with the second-half distributions of 2028, the statement added.

The policy will be presented at the upcoming ordinary general meeting (OGM) for approval. The date of the meeting will be announced at a later time.

The dividend distribution policy is subject to change based on any material changes in the company’s strategy and operations, regulatory requirements, banking covenants, increases in its investments, or its future projects.