ACWA Power Company’s board of directors recommend to distribute cash dividends for the year 2021.

Element List	Explanation
Introduction	ACWA Power Company is pleased to announce the Board of Directors’ recommendation to distribute cash dividends to the company’s eligible shareholders for the year 2021.
Date of the board’s decision	2022-06-01 Corresponding to 1443-11-02
The Total amount distributed	SAR 562,946,791
Number of Shares Eligible for Dividends	731,099,729
Dividend per share	SAR 0.77
Percentage of Dividend to the Share Par Value (%)	7.7 %
Eligibility date	The eligibility to dividends is for shareholders holding the shares by the end of the trading day of the general assembly date, and who are registered in the Company's shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.

General assembly meeting date will be announced later. Distribution Date Will be announced later. Additional Information Please note that this dividend recommendation is the same that has been approved by the Board of Directors on the 29th of June 2021, and has been referred to in the company’s 2021 year-end audited financial statements.

We would like to draw the attention of our foreign non-resident investors that the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.

For any inquiry, shareholders can contact ACWA Power’s Investor Relations Department via e-mail ir@acwapower.com

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.