The Savola Group Announces the Results of the Ordinary General Assembly Meeting No. (44 ) - (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Savola Group (the Group) is pleased to announce the results of the Ordinary General Assembly Meeting (AGM) (No.44 ( which was held virtually via modern technology means on Tuesday, May 6th, 2025, corresponding of 08th Dhul Qa’da 1446H (as per Umm Al-Qura Calendar) at 07:00 pm after satisfying the required statutory quorum for the AGM as per the Company’s bylaws and after excluding 1,028,081 treasury shares which have no voting rights as per regulations. |
| City and Location of the General Assembly's Meeting | Savola’s Headquarter in Jeddah, Al-Shati District – Savola Tower, and through Tadawulaty electronic voting services/systems, the AGM was held virtually as earlier announced. |
| Date of the General Assembly's Meeting | 2025-05-06 Corresponding to 1446-11-08 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 66.67% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board Members attended the meeting:
1-Mr. Sulaiman A. Al Muhaidib (Chairman of the Board) 2-Mr. Bader A. Alissa (Vice Chairman of the Board) 3-Mr. Ahmed A. Al - Humaidan 4-Mr. Ahmed W. Al Qahtani 5-Mr. Bader H. Al Rabiah 6-Mr. Rakan A. Al Fadl 7-Mr. Esam M. Al Muhaidib 8-Mr. Fahad A. Al Kassim 9-Mr. Mohammed I. Alissa 10- Eng. Mutaz Q. AlAzzawi 11- Mr.Waled A. Al Ghreri The meeting was also attended by Mr. Waleed Khalid Fatani, Savola Group’s CEO |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following Committees’ Chairmen attended the meeting:
1-Mr. Fahad A. Al Kassim (Audit Committee Chairman) 2-Mr. Rakan A. AlFadl (Remuneration and Nomination Committee Chairman) 3-Eng. Mutaz Q. AlAzzawi (Investment Committee Chairman) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | All items on the AGM’s agenda were approved by a majority of votes as well as a Board of Directors consisting of (11) members was also elected for the new office term, which begins its tenure as of July 1st 2025 and for a period of four Gregorian years (as per the attachment). |
| Attached Documents |  |
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