| Element List | Explanation |
|---|---|
| Introduction | Further to the Company’s announcement dated 09-03-2026G corresponding to 20-09-1447H regarding the Board of Directors’ decision to distribute cash dividends to shareholders for the second half of 2025, the total amount of dividends distribution has been amended from SAR 92,184,000 to SAR 92,685,000, representing an increase of SAR 501,000. This adjustment is due to the completion of the vesting and transfer of shares to eligible employees under the Company’s Long-Term Incentive Plan (LTIP), which took place prior to the dividend eligibility date of 05-04-2026G corresponding to 17-10-1447H. Accordingly, the number of shares eligible for dividend distribution has increased from 55,200,000 shares to 55,500,000 shares. The dividend per share remains unchanged at SAR 1.67, representing 16.7% of the share par value. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-03-09 Corresponding to 1447-09-20 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The SAR 501,000 increase reflects the resulting change in the total dividend distribution amount, following the amendment to the number of shares eligible for dividends due to LTIP share vesting prior to the eligibility date. |
| Financial Impact on the change | The total dividend distribution amount has been amended from SAR 92,184,000 to SAR 92,685,000, representing an increase of SAR 501,000. |
| Additional Information | The Company further confirms that the shares transferred under the LTIP were from existing treasury shares, and no new shares were issued or sold. Accordingly, there is no dilution impact on existing shareholders. The Company also confirms that all other details previously announced, including the eligibility date and distribution date, remain unchanged, and there are no other changes to the previously announced dividend distribution. |