The Board of Directors of the Savola Group, is pleased to invite its shareholders to attend the EGM No (26) to be held on Wednesday 5th December 2012 corresponding to 21 Muharram1434H at 5:00 PM at Savola Head Quarter- Saudi Business Center- 8th floor Jeddah City, to discuss the following agenda:
1) Approval of the proposed amendment to the Companys by-laws by amending paragraph (1) of Article (15) to read as follows: The Company may issue any type of tradable debt instruments such as bonds or Sukuk whether within or outside the Kingdom of Saudi Arabia in accordance with the applicable laws and regulations, and the General Assembly has the right, pursuant to a resolution issued by it, to delegate to the Board of Directors the authority to issue such debt instruments including bonds or Sukuk through one or more tranches or a series of issues under one or more programs as established by the Board of Directors from time to time based on the times, terms and amounts determined by the Board of Directors. The Board of Directors shall have the power and authority to take all the necessary actions to issue these debt instruments.
2) Approval of the issuance of tradable debt instruments such as Bonds or Sukuk by the Company through one or more tranches or a series of issues under one or more programs based on the times, terms and amounts determined by the Board of Directors whether within or outside the Kingdom of Saudi Arabia, provided that its total outstanding value do not exceed, at any time, the Companys paid-up capital, and to delegate to the Board of Directors the authority to issue such instruments without reverting to the General Assembly and that the Board of Directors is entitled to take all necessary procedures and actions for the issuance of such instruments including obtaining the necessary regulatory approvals, and that the Board of Directors is authorized to delegate some or all of these powers and authorities to other person(s) and enable them to delegate others.
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