Savola GA approves BOD recommendation to distribute cash dividends of SAR 352.4 million for 2022

The Savola Group (the Group) announced the results of the Extraordinary General Assembly Meeting (No.34) which was held on Wednesday 10th May 2023, which includes approval of the recommendation of the Board of Directors to distribute cash dividends to the Shareholders for the year 2022 with a total amount of SAR 352.4 million at SAR 0.66 per share, where the eligibility will be to the Shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center at the end of the second trading day following the due date.

All items on the assembly’s agenda (according to the attachment) were approved by a majority vote.

It is worth mentioning that the dividends will be distributed on 31/5/2023 (through bank transfers to shareholder bank accounts linked to their investment portfolios) via the Al Rajhi Bank. In case a shareholder did not receive the dividends at the stipulated period, that shareholder may visit any Al Rajhi Bank branches or contact the Shareholders Affairs Department at Savola Group on 0122687800 or Email: share@savola.com