Board of Directors (BOD) : The Board of Directors (BOD) of Al Suwadi Power Company SAOG (“ASPC” or “Company”), listed on Muscat Stock Exchange (“MSX”) has decided in its meeting on 17 February 2026 and agreed on a decision regarding Dividend Distribution Policy Statement.

 

Dividend to Shareholders Intent : To Pay

 

Interval : Biannually

 

Dividend Distribution Strategy : Cash

 

Company’s Financial Position : That the Company will pay dividends from its retained earnings after meeting all financial covenants, relevant authorities approvals, and in compliance with the Commercial Company Law and other applicable Omani’s legislations.

 

Growth Strategy : Distribution

 

Industry Update : Oman's power sector is undergoing significant expansion and transition, driven by strong demand and increased private investment due to supportive policies. The Company has a Power Purchase Agreement (PPA) with Nama Power and Water Procurement Company (“PWP”) to ensure stable and predictable cash flows.  

 

Dividend Distribution Plan : That the Company intends to distribute its dividends in June and December with the total dividend per share not exceeding the approval from the shareholders at the Annual General Meeting.

 

Dividend Announcement Placement Plan : The announcement will be made available on our official website at (www.alsuwadipower.com) and will be filed with MSX.

 

Dividend Approval : Shareholders in the Annual General Meeting, after the recommendation of the Board of Directors of the Company.

 

Policy Rationale : that the timing of dividend distribution is to cater for any obligations that the Company has with the Company’s financial covenants and cashflow capabilities.

 

 

Additional Information : None