The CMA board has issued its resolution approving Savola Group’s capital increase request from SR 5,000,000,000 to SR 5,339,806,840 for the purpose of acquiring the entire direct and indirect ownership of Al-Muhaidib Holding Company Limited’s stakes and shares in Savola Foods Company (10%) and Azizia Panda United Company (18.6%)
Approval was granted upon Savola Group’s compliance with the relevant disclosure requirements as per the Listing Rules.
Prior to the Extraordinary General Assembly Meeting that will be held to vote on the capital increase, Savola Group will issue a disclosure document to its shareholders related to the objectives and rationale of the capital increase. This will provide shareholders with sufficient time to make a well informed decision when voting.
