Title :

Abraj Energy Services Dividend Policy. 

Content :

1.    Purpose:

The dividend policy of Abraj Energy Services provides general guidelines on the Company’s dividend determination and distribution mechanism.

 

2.    Policy Statements:

2.1.  Balanced Approach

 

The Company is committed to delivering value to shareholders through a steady and balanced approach to dividends.

The policy is designed to achieve an optimal equilibrium between ensuring a consistent and sustainable return to shareholders and preserving funds for reinvestment to advance future opportunities and secure long‑term growth.

2.2.  Compliance

Dividend shall be proposed, recommended, approved, and eventually paid to Shareholders pursuant to the applicable laws, regulations, and circulars issued by the Financial Services Authority (“FSA”).

2.3.  Board Authority

The Company’s Board of Directors is responsible for reviewing the company’s financial performance, capital requirements, liquidity position, and long‑term strategic objectives before proposing any dividend distribution, based on the availability of distributable reserves, including, and not limited to:

 

·         The Company’s Profit After Tax (“PAT”), after deducting all necessary expenses, including depreciation, provisions, and after allocating legal reserves, if applicable

·         the Company’s audited interim or audited annual financial statements, as applicable, for the respective period

·         the Company’s liquidity and net debt position, as well as future capital requirements

 

The Board shall submit its formal recommendation for dividend payment to the Shareholders for approval at the Shareholders’ Annual General Meeting (“AGM”)

3.    Dividend Eligibility  

The AGM’s resolutions approving the dividend will constitute the Eligibility Date. Shareholders who are registered on the Muscat Clearing and Depository (“MCD”) records at the end of the trading session on the Eligibility Date will be entitled to receive a dividend  

 

4.    Dividend Timing of Distribution

Approved dividends will be distributed within seven (7) working days from the Eligibility Date, in accordance with FSA regulations.

 

Dividends will be paid annually, subject to the recommendation of the Board of Directors and approval from the AGM.

 

5.    Communication

The dividend amount will be communicated to Shareholders through the Muscat Stock Exchange (“MSX”) portal as soon as the resolution from the AGM has been approved, in accordance with MSX regulations.

 

 

6.    Policy Duration

 

This policy is valid for a period of one (1) year and subject to revision at the discretion of the Company’s Board.  

 

 

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