Naqi Water Co. announces the distribution of cash dividend for The First half of the fiscal year 2023

Naqi Water Company announces the Board of Directors decision to distribute cash dividends for the First half of the fiscal year 2023.

Dividends per share for the fiscal year 2022 was 15% equivalent to SAR 1.5 per share, while dividends per share for the first two quarters 2023 reaches 10% equivalent to SAR 1 per share.

The eligibility of dividends shall be for the shareholders at the close of trading on Thursday, 24 August 2023 Corresponding to 7/2/1445H, as per the Company’s registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.

The company also reminds all the shareholders to update their information and to make sure to link their bank accounts numbers to their investment portfolios to ensure the deposit of any future dividends without any delay.

The company would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.

The company welcomes inquiries from shareholders that can be communicated to through the Investor Relations department via the following communication Email:

investor.relations@naqiwater.com