Savola Group head office
Savola Groupsent today, April 28, its application to the Capital Market Authority (CMA) to increase its capital from SAR 5.34 billion to SAR 11.34 billion, through a SAR 6 billion rights concern, according to a declaration toTadawul
Any basic advancements in this regard will be properly revealed, based on the appropriate laws and guidelines, the declaration included.
In February, Savola’s board of directors suggested increasing capital through a SAR 6 billion rights concern and dispersing its whole 34.52% Almarai Co.’s stake to investors, pending essential approvals and a remarkable basic conference, information assembled with Argaam revealed.