ACWA POWER GA to discuss BOD recommendation for 2021 SR563 mln distribution

The Board of Directors of ACWA POWER Company is pleased to invite the honorable shareholders to participate and vote in the first ordinary general assembly meeting, which is scheduled to be held via modern technology means, at 18:30 on Thursday 30/06/2022 AD corresponding to 12/01/1443 AH.

General Assembly Meeting Agenda included voting on the Board’s recommendations to distribute dividends amounting to SAR 562,946,791 to the shareholders for financial period of 31/12/2021 at (SAR 0,77) per share representing 7,7% of the nominal value per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the 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 entitlement date, and provided that the distribution of dividends begins on Thursday 21/07/2022G.

In accordance with Article (37) of the Company’s Bylaws, The First Meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least 50% of the Company’s capital.

If quorum is not met at this meeting, then a second meeting will be held within one hour of the scheduled time of the first meeting. The second meeting shall be valid irrespective of the number of shares represented therein.

Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations.

Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.