Acwa Power sets new dividend policy until 2030

The board of Saudi-listed Acwa Power plans to pay at least 30 percent of its net profit each year as shareholder dividends between 2026 and 2030.

Dividends will be finalised depending on financial position, funding requirements and expansion plans, the company said in a statement to the Saudi stock exchange.

The annual payout will comprise cash dividends and bonus shares, with the dividend portion being not less than 50 percent of total declared dividends.

The programme will be effective from 2027, but will also apply to the 2026 dividend.

The board also recommended a dividend payment of SAR353 million ($96 million), or SAR0.46 per share, for 2025 subject to shareholders’ approval.

Acwa Power reported a 19 percent year-on-year drop in net profit to SAR345 million in the first quarter of 2026 despite a 3 percent annual increase in revenue to SAR2 billion.

The renewable company’s assets under management across operations, construction and advanced development reached SAR455 billion by the end of March.

The company’s shares were trading 1 percent lower at SAR196.30 on Wednesday afternoon, but are up 8 percent in the year to date.

Further reading:

• Acwa Power profit tumbles despite revenue rise
• Acwa to expand Khalladi wind power plant in Morocco
• Saudi Energy and Acwa to spend $3bn on Mecca power plant