Acwa Announces Board Recommendation to Distribute Cash Dividends for Fiscal Year 2025 and Approves Dividend Distribution Program for 2026–2030

Riyadh, Saudi Arabia,  July 8, 2026 Saudi-listed Acwa (formerly ACWA Power), the world’s largest private water desalination company, a leader in the energy transition, and a first mover into green hydrogen at scale, today announced that its Board of Directors has recommended the distribution of cash dividends to shareholders for the fiscal year ended 31 December 2025, reflecting the Company’s continued commitment to delivering sustainable shareholder value while maintaining a disciplined approach to capital allocation.

The Board has recommended a total cash dividend distribution of approximately SAR 352.6 million representing SAR 0.46 per share, equivalent to 4.6% of the share’s nominal value.

The eligibility for the dividend is for shareholders registered in the Company’s shareholders register maintained by the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly meeting, which will be announced at a later date.

Commenting on the recommendation, Abdulhameed Al Muhaidib, Chief Financial Officer of Acwa, said:

“This dividend recommendation reflects both our confidence in the Company’s financial strength and our long-term commitment to disciplined value creation. Alongside our recommended dividend for 2025, the approval of a multi-year dividend program provides shareholders with greater transparency to our shareholders distribution approach while preserving the flexibility required to fund future growth opportunities. As we continue executing our strategy, we remain focused on maintaining a strong balance sheet, investing for sustainable, profitable growth, and delivering attractive long-term returns to our shareholders.”

Additionally, Acwa’s Board of Directors has approved the Company’s dividend distribution program for the period from 2026 through 2030, reinforcing its commitment to providing shareholders with a transparent and predictable approach to capital returns.

Under the framework, the Company intends to distribute annually a minimum of 30% of its annual net profit attributable to equity holders, while taking into consideration the Company’s financial position, liquidity requirements and expansion plans.

Dividend distributions under the program will comprise a combination of cash dividends and bonus shares in proportions determined by the Company. Cash dividends will, in all circumstances, represent no less than 50% of the aggregate value of the declared dividends.

The program will become effective in 2027 and will apply to dividend distributions relating to the financial year ending 31 December 2026. Any proposed cash or non-cash dividend distributions will be subject to shareholder approval at the applicable General Assembly meeting.

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About Acwa

Acwa (TADAWUL: 2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, Acwa employs over 4,000 people and is currently present in 16 countries in the Middle East, Africa, Central Asia, and Southeast Asia.  As of June 30, 2026, Acwa’s portfolio comprises 111 assets in operation, advanced development, or under construction, representing SAR 468.9 billion / USD 125 billion of assets under management and the capacity to generate 98 GW of power (of which 52.3 GW is renewables) and manage 9.7 million m³/day of desalinated water. The energy and water capacity generated by Acwa’s assets is delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.

Learn more: www.acwapower.com