Naqi Water approves BOD recommendation to distribute cash dividends of SR 20 mln for 2022 Q2 and Q3

Naqi Water Company Board announced the results of the General Assembly Meeting which was held on Sunday 8th Jan 2023 at 18:30 PM after reaching the OGM quorum as per the Company’s bylaws, and the percentage of Attending Shareholders is 72.11%.

The results of the vote are on the agenda of the General Assembly, and voted to approve the following:

1- Approval on the Board of Directors’ recommendation to distribute cash dividends of SAR 20,000,000 for the second and third quarters of 2022. That represents 10% of the book value of the outstanding shares (SAR 1 per share). The eligibility of dividend shall be for the shareholders at the day of the General Assembly meeting, who are registered in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility, noting that the Payment date of cash dividends will start on 18 January 2023.

2- Approval on delegating to the Board of Directors the authorization powers of the General Assembly to approve quarterly and semiannually dividends for the year 2023.