| Element List | Explanation |
|---|---|
| Introduction | Alujain Corporation (the "Company") announces that the Board of Directors has approved the distribution of interim cash dividends to the Company's shareholders for the first half of the fiscal year 2026, in accordance with the Company's approved Dividend Distribution Policy announced on 23 March 2025, including the conditions set out therein, and pursuant to the authority delegated to the Board by the General Assembly to distribute interim cash dividends for the fiscal year 2026. The Board of Directors is pleased to reaffirm to the Company's valued shareholders that the approved dividend distribution for the first half of 2026 reflects a carefully balanced approach between funding the Company's strategic growth projects and the Board's commitment to maintaining sustainable dividend distributions to shareholders whenever practicable. The Board is also pleased to inform shareholders that the Company's flagship project, (NATPET-2), has reached an advanced stage of financial close. This represents a significant milestone that enables the award of the main construction contracts and provides greater visibility over the Company's capital expenditure requirements and future cash flows. The Company intends to reassess its cash liquidity position at the end of the year and, based on such assessment, consider the possibility of making additional cash dividend distributions to shareholders. The Company, represented by its Board of Directors and Executive Management, reaffirms its commitment to executing its growth strategy to maximize shareholder value while maintaining a prudent dividend distribution policy that supports its long-term ambitions and delivers maximum value to its shareholders. Finally, the Company extends its sincere appreciation to its shareholders for their continued trust and support. The Company will announce any further developments in this regard in due course. |
| Date of the board’s decision | 2026-08-03 Corresponding to 1448-02-20 |
| The Total amount distributed | SR 51,900,000 |
| Number of Shares Eligible for Dividends | 69,200,000 |
| Dividend per share | SR 0.75 |
| Percentage of Dividend to the Share Par Value (%) | 7.5 |
| Eligibility date | 2026-08-10 Corresponding to 1448-02-27 |
| Distribution Date | 2026-08-23 Corresponding to 1448-03-10 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | We would like to draw the attention to the following: 1) The eligibility of dividends shall be for the shareholders who own the shares in the shareholders register by the end of the eligibility day. 2) Cash dividends to non-resident investors is subject to withholding tax of (5%), in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing bylaws. 3) Non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority must communicate with the Investors Relations Department, through E-mail, within (3) days from the eligibility date to provide the supporting documents of tax exemption. 4) The dividends will be transferred to the investment accounts through the custodial members. To ensure that the dividends are deposited in the investment accounts without delay, we urge the shareholders’ to ensure that their data are updated with the custodial members. In case of any enquiry, please contact the Shareholders Affairs Department of the company at: info@alujain.sa |
Alujain Corp. announces the board of director’s decision to distribute cash dividends for the first half of the fiscal year 2026
AI Summary
- Alujain Corporation’s Board of Directors approved an interim cash dividend distribution of SR 51.9 million for the first half of the fiscal year 2026.
- The dividend is set at SR 0.75 per share, representing 7.5% of the share par value, for 69,200,000 eligible shares.
- The eligibility date for shareholders is August 10, 2026, with the distribution of funds scheduled to begin on August 23, 2026.
- The company noted that its flagship project, NATPET-2, has reached an advanced stage of financial close and it may consider additional cash dividends at year-end following a liquidity assessment.
