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Today, Shamal Az-Zour Al-Oula Power and Water Company K.S.C. (Public) held its Annual General Meeting (AGM) for the fiscal year-end on 31 December 2020. The company’s shareholders approved the Board of Directors’ recommendation to distribute a cash dividend of 12 fils per share, totaling KWD 13,200,000 (thirteen million two hundred thousand Kuwaiti Dinars) from retained earnings and profit to shareholders registered in the company’s records.

Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P. today held its 6th Annual General Meeting. Shareholders approved the Board of Directors’ recommendation to distribute cash dividends of 25 fils per share, totalling a KWD 27.5 million payout. This is the company’s first dividend issuance and relates to the retained earnings and profit for the period from 2017 to 2019.

Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P’s Board of Directors has issued a recommendation, during its meeting on 6 August 2020, for a cash dividend payout of 25 fils per share, subject to lenders’ approval. This will be the Company’s first dividend and relates to the retained earnings for the period from 2017 to 2019. The Company, scheduled to list its shares on Boursa Kuwait’s Premier Market on 16 August 2020, plans to hold an Annual General Meeting (“AGM”) of shareholders following listing. The dividend recommendation, following lenders’ approval, will be on the AGM agenda for shareholders’ approval.

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