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ACWA Power Co. (“Acwa” or the “Company”) Announces the Board of Directors approval of the Dividend Distribution program for the earnings performance years of 2026 through to 2030.
| Element List | Explanation |
|---|---|
| Announcement Detail | Acwa announces the Board of Directors' approval of the Company's dividend distribution program for the period from 2026 to 2030, pursuant to which the Company intends to distribute to its shareholders annually a minimum of 30% of its annual net profit attributable to equity holders while considering the Company's financial position, liquidity requirements and expansion plans. Such distributions shall comprise a combination of cash dividends and bonus shares, in such proportions as may be determined by the Company, provided that cash dividends shall, in all circumstances, represent no less than 50% of the aggregate value of the declared dividends. This dividend distribution program shall become effective first in 2027 and shall apply to dividends relating to the financial year ending on 31 December 2026, unless amended or replaced by the Company in accordance later. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 185.0
Net Change -8.0 (-4.15%)
Value Traded (Sar) 76,201,057.2
Volume Traded 407,407
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