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The Savola Group Announces the Results of the Extraordinary General Assembly Meeting (No.34) (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Savola Group (the Group) is pleased to announce the results of the Extraordinary General Assembly Meeting (No.34( which was held virtually on Wednesday 10th May 2023 corresponding to 20 Shawal 1444H (Umm Al Qura Calendar) at 07:30 pm after satisfying the required statutory quorum for the EGM as per the Company’s bylaws and after excluding around 1.3 million treasury shares which have no voting rights as per regulations. |
| City and Location of the General Assembly's Meeting | Savola’s Headquarter in Jeddah, Al-Shati District – Savola Tower, and through Tadawulaty electronic voting services/systems, the EGM was held virtually as earlier announced. |
| Date of the General Assembly's Meeting | 2023-05-10 Corresponding to 1444-10-20 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 67% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board Members attended the meeting: 1-Mr. Sulaiman A. Al Muhaidib (Chairman of the Board) 2-Mr. Bader A. Alissa (Vice Chairman of the Board) 3-Mr. Ahmed A. Al - Humaidan 4-Mr. Ahmed W. Al Qahtani 5-Mr. Bader H. Al Rabiah 6-Mr. Rakan A. Al Fadl 7-Mr. Esam M. Al Muhaidib 8-Mr. Fahad A. Al Kassim 9-Mr. Mohammed I. Alissa 10- Eng. Mutaz Q. Alazzawi 11- Mr.Waled A. Al Ghreri The meeting was also attended by Mr. Waleed Khalid Fatani, Savola Group’s CEO |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following Committees’ Chairmen attended the meeting: 1-Mr. Fahad A. Al Kassim (Audit Committee Chairman) 2-Mr. Rakan A. AlFadl (Remuneration and Nomination Committee Chairman) 3-Eng. Mutaz Q. Alazzawi (Investment Committee Chairman) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | The EGM approved with majority votes all agenda items (as per the attachment). |
| Additional Information | It is worth mentioning that the dividends will be distributed on 31/5/2023 (through bank transfers to shareholder bank accounts linked to their investment portfolios) via the Al Rajhi Bank. In case a shareholder did not receive the dividends at the stipulated period, that shareholder may visit any Al Rajhi Bank branches or contact the Shareholders Affairs Department at Savola Group on 0122687800 or Email: share@savola.com In the same context, we would like to remind our respected shareholders who have unclaimed dividends from previous years, to refer to the company's website to look up their names and the method and procedures required to complete and/or update their missing information according to the forms available on the company's website (ww.savola.com). We are also pleased to receive your inquiries about said unclaimed dividends on Shares Department’s WhatsApp number (+966122687990). |
| Attached Documents |  |
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.
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