Title :

Dividend Distribution Policy

Content :

 

The Board of Directors of Al Jazeira Services Co. SAOG (“the Company”) in its meeting held on 17^th February 2026 has approved the Dividend Distribution Policy, in accordance with circular no. 3/2025 issued by Muscat Stock Exchange. This policy, in principle, aims to distribute annual cash dividends to shareholders, subject to the company’s performance, financial position, and the necessary regulatory and shareholder approvals. The main provisions of the policy are as follows:

Dividend to shareholder intent: The Company intends to pay dividend to the shareholders, subject to the stipulations of this policy.

Distribution Interval: Annual, in principle. The Board of Directors may also recommend distribution of interim dividend subject to necessary approvals.

Dividend Distribution Strategy: Cash, in principle. The Board of Directors may also recommend distribution of bonus shares or any other form of dividend distribution allowed under laws and regulations,

Company’s Financial Position: Dividend distribution shall be based on net profit or retained earnings.

Growth Strategy and Industry Update: While the company intended to distribute dividend to the shareholders, the Board of Directors recommendation shall take into consideration 1) Priority of maintaining a strong and stable financial position, 2) ensuring cash availability requirements for operations, 3) investment and future growth strategy of the company, 4) Economic, macroeconomic and industry conditions, including competitive development.

Dividend Distribution Plan: The disclosure of dividend distribution announcement proposal shall include the entitlement date for dividend and the dividend amount per share based on the paid-up capital.

Dividend Announcement Placement Plan: The company will publish all dividend distributions announcements via the website of Muscat Stock Exchange and the company’s website http://www.aljazeiraservices.com in accordance with the regulatory requirements. The company shall ensure that the dividend distribution disclosures are clear and transparent, providing shareholders with timely information to guarantee fairness and equal treatment of all shareholders.

Dividend Approval: The Board of Directors shall recommend the dividend distribution proposal to the General Meeting of Shareholders for approval.

Policy Rationale: The company intends to adopt distribution of annual cash dividend to the shareholders from the net profits or retained earnings after considering the cash requirement for business operations, and necessary approvals from shareholders and regulatory authorities, if any, in accordance with the laws and regulations in force in the Sultanate of Oman.

Financial Period and Distribution Approval: The Board of Directors shall recommend to the General Meeting of the Shareholders for the approval of the annual audited financial statements and proposal of dividend distribution within the prescribed regulatory timeline. The dividend distribution shall only be executed after receiving approval from Shareholders in General Meeting. The Board of Directors may also announce interim dividend which shall be based on interim audited financial statements and approval from the General Meeting of the shareholders, and in compliance with the regulatory requirements.

Principles Governing Distribution: Annual or interim dividend distribution shall be done based on audited financial statements and approved by General Meeting of Shareholders. The Boad of Directors may recommend capitalisation of a portion of net profits as bonus shares, resulting in an increase in issued share capital.

The company may decide not to distribute dividend to shareholders in the following cases:

1-   distribution affects its ability to fulfil its financial obligation on due dates.  

2-   company has incurred losses that have not been fully recovered.

3-   growth plan/ business requirement.

Amendments: The company reserves the right to amend its dividend distribution policy whenever necessary, in accordance with the regulatory developments or changes in the company’s financial or strategic circumstances. Any material changes to the dividend distribution policy shall be disclosed through the website of Muscat Stock Exchange and in the company’s official website.

Disclaimer: This policy is intended to be used as guiding framework on the Company’s dividend policy and does not constitute a commitment regarding future dividend distribution of the company. The Board of Directors may also amend, update or make exceptions to this policy as required in the best interest of the company and its shareholders.

Contact Information:  Ghulam Hussain, Finance Manager and Investor Relation Officer, email: [email protected]; phone: +968 24706499

For Al Jazeira Services Co. SAOG

 

Ghulam Hussain Khan

Finance Manager and Investor Relation Officer