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The Savola Group Announces the latest development related to the buyback of its Shares
| Element List | Explanation |
|---|---|
| Introduction | The Savola Group announces the completion of the buy-back of all the required shares on 20/11/2025, to retain them as Treasury Shares under the Employees’ Long-Term Incentive Program (LTIP), in accordance with the approved terms and criteria of the LTIP and based on the Extraordinary General Assembly’s (EGM) approval in its meeting held on 30/10/2025 pursuant to the Board of direction recommendation announced in Tadawul on 11/9/2025. |
| Previous Announcement | Savola Group Announcement of its Board of Directors recommendation to buyback its Shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-11 Corresponding to 1447-03-19 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | • Number of the Purchased Shares: 2.6 million shares (Represent 0.87% of the company's shares). • Value of the Purchased Shares: SAR 70 million. • Average Purchase Price Per Share: SAR 26.87 • Purchase Period: Within a maximum period of twelve (12) months from the date of the EGM’s resolution |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no financial impact that may affect the company's financial statements as a result of the purchase. |
| Additional Information | This comes as part of the Group’s efforts to attract and retain key talents and to motivate them to further strengthen their performance to achieve the Group’s strategic objectives. |
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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Company Performance
Key Parameters
Last Price 24.14
Net Change -0.06 (-0.25%)
Value Traded (Sar) 11,500,628.5
Volume Traded 474,689
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