Logo of Naqi Water Co.
Naqi Water Co. said it received two letters dated, Jan. 20, from two major shareholders, according to a statement to Tadawul. 
The first letter from shareholder Ameen bin Abdullah Al-Mallah (serving as Board Chairman), while the second letter was from shareholder Saqa United Group, each owning 7 million shares, or 35% of capital.
The two letters included the following:
First: Their waiver of 50% of dividends for the year 2026.
Second: Their waiver of 55% of dividends for the year 2027.
Third: Their waiver of 60% of dividends for the year 2028.
According to the company, this is for the purpose of maintaining stability and supporting its financial position, sustaining the balance of its investment and financial position, enhancing investor confidence, and enabling it to continue implementing its expansion projects and growth plans previously announced to all shareholders, given their firm confidence in the company’s performance and executive management, and their belief in its ability to continue executing its expansion plans successfully.
Naqi Water’s board of directors approved, on Jan. 19, a recommendation to adopt the company’s dividend distribution policy for the next three years. The dividend distribution policy is SAR 2 per share for 2026, at 20% of the share’s nominal value; SAR 3 per share for 2027, representing 30% of the share’s nominal value; and SAR 4 per share for 2028, or 40% of the share’s nominal value, data available with Argaam showed.
Logo of Naqi Water Co.
Naqi Water Co. said it received two letters dated, Jan. 20, from two major shareholders, according to a statement to Tadawul.
The first letter from shareholder Ameen bin Abdullah Al-Mallah (serving as Board Chairman), while the second letter was from shareholder Saqa United Group, each owning 7 million shares, or 35% of capital.
The two letters included the following:
First: Their waiver of 50% of dividends for the year 2026.
Second: Their waiver of 55% of dividends for the year 2027.
Third: Their waiver of 60% of dividends for the year 2028.
According to the company, this is for the purpose of maintaining stability and supporting its financial position, sustaining the balance of its investment and financial position, enhancing investor confidence, and enabling it to continue implementing its expansion projects and growth plans previously announced to all shareholders, given their firm confidence in the company’s performance and executive management, and their belief in its ability to continue executing its expansion plans successfully.
Naqi Water’s board of directors approved, on Jan. 19, a recommendation to adopt the company’s dividend distribution policy for the next three years. The dividend distribution policy is SAR 2 per share for 2026, at 20% of the share’s nominal value; SAR 3 per share for 2027, representing 30% of the share’s nominal value; and SAR 4 per share for 2028, or 40% of the share’s nominal value, data available with Argaam showed.
