| Element List | Explanation |
|---|---|
| Introduction | With reference to Savola Group’s announcement published on the Saudi Stock Exchange’s “Tadawul” website on 07/02/2024G corresponding to 26/07/1445H regarding the Board of Directors’ recommendation to increase its Capital by SAR 6.0 billion through Rights Issue, the Company announces the appointment of Riyad Capital as the financial advisor to manage the subscription of the capital increase by offering rights issue application. |
| Name of Financial Advisor | Riyad Capital |
| Financial Advisor Appointment Date | 2024-03-14 Corresponding to 1445-09-04 |
| Additional Information | Savola Group will make an announcement upon submitting the application of the Capital Increase by offering Rights Issue to the Capital Market Authority and any other material developments pertaining to the subject once occurring in accordance with the Capital Market Authority’s regulations and the Saudi Exchange’s (Tadawul) rules. |
For further information, please refer to the following Savola Weblink:
https://www.savola.com/en/right-issue-and-distribution/
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.