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The Savola Group Announces the Results of the Ordinary General Assembly Meeting No. (44 ) - (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Savola Group (the Group) is pleased to announce the results of the Ordinary General Assembly Meeting (AGM) (No.44 ( which was held virtually via modern technology means on Tuesday, May 6th, 2025, corresponding of 08th Dhul Qa’da 1446H (as per Umm Al-Qura Calendar) at 07:00 pm after satisfying the required statutory quorum for the AGM as per the Company’s bylaws and after excluding 1,028,081 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 AGM was held virtually as earlier announced. |
| Date of the General Assembly's Meeting | 2025-05-06 Corresponding to 1446-11-08 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 66.67% |
| 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 | All items on the AGM’s agenda were approved by a majority of votes as well as a Board of Directors consisting of (11) members was also elected for the new office term, which begins its tenure as of July 1st 2025 and for a period of four Gregorian years (as per the attachment). |
| 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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