| Element List | Explanation |
|---|---|
| Announcement Detail | Savola Group Company (the “Group”) announces that it has received on 13/08/2024, a letter from the Proxy of the deceased Abduallah Mohammed AlRabea’s heirs, one of the Group’s substantial shareholders, with ownership of (43,892,500) shares representing 8.22% of the Company’s share capital, expressing that the heirs intend to transfer all the Deceased’s shares in the Group to the investment portfolio owned by the entity named “Mohammed Abduallah AlRabea & Partners Limited Co.”, without conducting any special transaction in this respect. Knowing that the Company is wholly owned by Abduallah Mohammed AlRabea’s heirs; accordingly, the shares will be transferred to the Company, and the new ownership in the the Group’s substantial shareholders’ list will be reflected in Tadawul website. |
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