IssuerAnnouncementDetailsV2Portlet
Actions
The Savola Group announces the Board of Directors decision not to distribute cash dividends for the year 2024
2050
SAVOLA GROUP
0.49
%
1446/09/12 12/03/2025 08:02:21
| Element List | Explanation |
|---|---|
| Introduction | Savola announces the decision of the Board of Directors not to distribute cash dividends for the year 2024 |
| Date of the board’s decision | 2025-03-11 Corresponding to 1446-09-11 |
| Reasons for Not Recommending Distribution | The reason not to distribute cash dividends for the year 2024 is due to distribution of SR 21.1 billion worth of Almarai shares, representing Savola’s entire 34.52% shareholding in Almarai, to Savola’s eligible shareholders in lieu of capital reduction of SR 8.3 billion and distribution of dividend in kind of SR 12.8 billion, which was deposited into the shareholders' accounts during December 2024 |
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.
Share
Company Performance
SAVOLA GROUP
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 30.85
Net Change 0.15 (+0.49%)
Value Traded (Sar) 17,676,315.95
Volume Traded 576,418
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions