News

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16 August 2023

The Board of Directors approves a 5 fils interim cash dividend.

The Board of Directors met on 16 August 2023. Based on the authorization given to them by the AGM to distribute interim dividends for the year 2023, the Board approved

1 June 2023

EGM Convened

Shamal Az-Zour Convenes its postponed EGM on 1 June 2023. Shareholders approve the change of article 16, increasing board members from 7 to 9 members.

5 April 2023

Shamal Az-Zour Al-Oula Power and Water Company K.S.C. (Public) held its Annual General Meeting (AGM) on 30 March 2023. The company’s shareholders approved the Board of Directors’ recommendation to distribute

4 November 2022

Approval of a 6 fils Cash Dividend

Board of Directors approves a Cash Dividends of 6 Fils Per Share. Shamal Az-Zour Al-Oula Power and Water Company’s Board of Directors held a Meeting on 2 November 2022 and

12 May 2022

Approval of a 7 fils Cash Dividend

Board of Directors approves a Cash Dividends of 7 Fils Per Share. Shamal Az-Zour Al-Oula Power and Water Company’s Board of Directors held a Meeting on 11 May 2022 and

31 March 2022

Shamal Az-Zour Al-Oula Power and Water Company Holds Annual General Meeting

Shareholders Approve Board’s Recommendation to Distribute Cash Dividends of 5 Fils Per Share. Shamal Az-Zour Al-Oula Power and Water Company K.S.C. (Public) held its Annual General Meeting (AGM) on 31

26 November 2021

Shamal Az-Zour Al-Oula Power and Water Company Holds Ordinary General Meeting

Shareholders Approve Board’s Recommendation to Distribute Cash Dividends of 9 Fils Per Share. Shamal Az-Zour Al-Oula Power and Water Company K.S.C. (Public) held its Ordinary General Meeting (OGM) on 25

12 April 2021

Shamal Az-Zour Al-Oula Power and Water Company Holds Annual General Meeting

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.

21 February 2021

Shamal Az-Zour Al-Oula Power and Water Company Holds Extraordinary General Meeting

Today, Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P. held an Extraordinary General Meeting (EGM). The company’s shareholders approved the Board of Directors’ recommendation to amend Article (16) of the company’s Articles of Association to increase the number of board seats from five to seven.

17 September 2020

Shamal Az-Zour Al-Oula Power and Water Company’s Shareholders Approve Board’s Recommendation to Issue Cash Dividends Distribution of 25 Fils per Share for 2019

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.

16 August 2020

Shamal Az-Zour Al-Oula Power and Water Company Makes its Debut on Boursa Kuwait’s Premier Market

Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P. today made its debut on Boursa Kuwait’s Premier Market at 9:00am. The company is the first power generation and water desalination company to list on the exchange, and the first Private Public Partnership (PPP) project listed on the exchange.

12 August 2020

Shamal Az-Zour Al-Oula Power and Water Company’s Board of Directors recommends a cash dividend payout of 25 fils per share

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.

8 August 2020

Shamal Az-Zour Al-Oula Power and Water Company to debut on Boursa Kuwait on 16 August 2020

Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P announced today that it received approval to list on Boursa Kuwait’s Premier Market on 16 August 2020. The first power generation and water desalination company and the first Private Public Partnership (PPP) project to be listed in Kuwait. NBK Capital is the listing advisor.