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The Savola Group Announces the Results of the General Assembly Meeting (No.41) (First Meeting)

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Introduction The Savola Group Board is pleased to announce the results of the General Assembly Meeting (AGM) No. (41) which was held on Monday 16th May 2022 corresponding to 15 Shawal 1443H (Umm Al Qura Calendar) at 07:30 pm after satisfying the required legal quorum for the AGM as per the Company’s bylaws
City and Location of the General Assembly's Meeting At Savola’s Headquarter in Jeddah, Al-Shati District – Savola Tower, and through Tadawulaty electronic voting services/systems.
Date of the General Assembly's Meeting 2022-05-16 Corresponding to 1443-10-15
Time of the General Assembly's Meeting 19:30
Percentage of Attending Shareholders 75.58%
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-Dr. Adnan A. Soufi

4-Mr. Abdulaziz K. Al Ghufaily

5-Mr. Essam A. Al Muhaidib

6-Eng. Mutaz Q. Alazzawi

7-Mr. Mohammed I. Alissa

8-Mr. Fahad A. Al Kassim

9-Mr. Abdulrahman M. Addas

10-Mr. Bader H. Al Rabiah

11-Mr. Rakan A. AlFadl

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 AGM approved with majority votes all agenda items including the election of the Board of Directors and the formation of the Audit Committee for the new office terms (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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