Money and business

Savola announces that it has not received any objections from creditors to the capital reduction

The Savola Group announced that today, Wednesday, is the last day of the objection period, noting that the company had not previously received any objections until the date of this announcement.
On October 28, Savola Group announced on its website the creditors’ objection period related to reducing the company’s capital.
Note that Savola Group will hold its extraordinary general assembly related to reducing the capital and distributing its entire 34.52% stake in Almarai Company to eligible Savola shareholders (the core deal) at 6:30 pm on Thursday, corresponding to 12/12/2024 AD, corresponding to 06/11. /1446 AH, according to what was previously announced.

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