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| Announcement Detail | Naqi Water Company announces that its Board of Directors, on 30-07-1447 AH corresponding to 19-01-2026 AD, approved a recommendation to adopt the company’s dividend distribution policy for the next three years. The policy will be presented, God willing, at the upcoming General Assembly meeting for approval. The date of the meeting will be announced at a later time. The dividend distribution policy is as follows: SAR 2 per share for the fiscal year 2026, representing 20% of the share’s nominal value. SAR 3 per share for the fiscal year 2027, representing 30% of the share’s nominal value. SAR 4 per share for the fiscal year 2028, representing 40% of the share’s nominal value. Dividends will be distributed on a semi-annual basis after the Board of Directors is authorized by the General Assembly. The policy shall be effective starting from the beginning of fiscal year 2026 for a period of three years, commencing with the first-half distributions of 2026 and conclude with the second-half distributions of 2028. The dividend distribution policy is subject to change based on any material changes in the company’s strategy and operations, regulatory requirements, banking covenants, increases in its investments, or its future projects. |