Naqi Water EGM OKs 2026-2028 dividend policy

Naqi Water shareholders authorize the board to distribute interim semi-annual dividends for 2026.

Naqi Water Co.'s shareholders approved the board of directors’ recommendation on the dividend policy for 2026–2028 during the extraordinary general meeting (EGM) 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, March 4.

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

The dividend policy is subject to revision based on any material changes in the company’s strategy and operations, applicable regulatory requirements, banking covenants, or expansion of investments and future projects.

Furthermore, shareholders authorized the board of directors to distribute interim semi-annual dividends for 2026.

Meanwhile, shareholders approved amending Article (3) of the company’s Articles of Association related to the company’s objectives.