| Element List | Explanation |
|---|---|
| Announcement Detail | Naqi Water Company announces the receipt of two letters dated 20/01/2026 from two major shareholders: The first letter from shareholder / Ameen bin Abdullah Al-Mallah (serving as Chairman of the Board) who owns (7,000,000) seven million shares representing (35%) of the company’s total shares. The second letter from shareholder / Saqa United Group which owns (7,000,000) seven million shares representing (35%) of the company’s total shares. The two letters included the following: • Their waiver of 50% of dividends for the year 2026. • Their waiver of 55% of dividends for the year 2027. • Their waiver of 60% of dividends for the year 2028. This is for the purpose of maintaining stability and supporting the company’s financial position, sustaining the balance of its investment and financial position, enhancing investor confidence, and enabling it to continue implementing its expansion projects and growth plans previously announced to all shareholders, given their firm confidence in the company’s performance and executive management, and their belief in its ability to continue executing its expansion plans successfully. This waiver refers to Naqi Water Company’s announcement dated 19/01/2026 which included the recommendation to adopt a dividend distribution policy for the next three fiscal years, starting from the first half of 2026 and ending in the second half of 2028, wherein the policy included the following: • SAR 2 per share for the fiscal year 2026. • SAR 3 per share for the fiscal year 2027. • SAR 4 per share for the fiscal year 2028. |
