Savola GA to discuss distributing SR106.8mln for 2021

Board of Directors of the Savola Group invited shareholders to participate and vote in the General Assembly Meeting (No.41), which will be held Physically (in person) and via modern technology means at 07:30 PM Monday 16 May, 2022 corresponding to 15 Shawal 1443H (as per Um Al-Qura Calendar); knowing that the precautionary and preventive measures issued by the competent authorities will be applied.

The meeting agenda items include shareholders’ vote on the board’s recommendation to distribute profits for the year of 2021.

The total amount distributed is SR 106.8 million. The dividend per share is SR 0.20 per share. The percentage of dividend to the share par value is 2 %.

Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre at the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations.

The General Assembly Meeting will reach its quorum, if attended by a number of shareholders representing 25% of the share capital of the Company, if such quorum is not present at the first meeting, an invitation shall be sent for a second meeting to be held after a lapse of an hour from the preceding meeting. The second meeting shall be valid regardless of the number of shares represented therein as per the company’s bylaws.

Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Meeting Agenda items ends when the Counting Committee Concludes Counting the Votes.