Naqi Water EGM to vote on 2026-2028 dividend policy on March 3

05:35 PM (Mecca time) Argaam
Logo ofNaqi Water Co.

Logo of Naqi Water Co.

Naqi Water Co.'s shareholders will vote on the board of directors’ recommendation on the dividend policy for 2026–2028, during the extraordinary general meeting (EGM), to be held on March 3.

 

The policy includes the distribution of SAR 2 per share for 2026, SAR 3 per share for 2027, and SAR 4 per share for 2028, the company said in a Tadawul statement today, Feb. 8.

 

The policy will be applied for three years starting from H1 2026 until H2 2028.

 

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

 

Furthermore, shareholders will vote on authorizing the board of directors to distribute interim semi-annual dividends for the fiscal year 2026.

 

The following table shows the company’s historical dividends over the past years:

 

Historical Cash Dividends

Period

EPS (SAR)

Dividend per Share (SAR)

Payout Ratio (%)

2023

2.15

1.50

70 %

2022

2.44

1.00

41%
 

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