The Savola Group’s extraordinary General Assembly has approved recommendations by the Board of Directors to increase the Group’s capital by 25% - from SR800 million to SR1 billion - by distributing four million free shares, with an average distribution of one share for every four owned shares.
The Board of Directors previously approved paying out quarterly dividends of SR3.5 per share, which is a pioneering move among all joint stock companies in the Kingdom. The Savola Group will commence distribution of the free shares on 25 May.
Source: SPA
