ACWA Power BOD recommends SR563 mln distribution 2021

ACWA Power Company is pleased to announce the Board of Directors’ recommendation to distribute cash dividends amounted to SR 563 million to the company’s eligible shareholders for the year 2021, with percentage of dividend to the share par value at 7.7%.

The company added that number of shares eligible for dividends        is 731,099,729, while dividend per share is SAR 0.77. The eligibility to dividends is for shareholders holding the shares by the end of the trading day of the general assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. General assembly meeting date will be announced later.

Additional Information:

Please note that this dividend recommendation is the same that has been approved by the Board of Directors on the 29th of June 2021, and has been referred to in the company’s 2021 year-end audited financial statements.

We would like to draw the attention of our foreign non-resident investors that the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.