Logo of Savola Group
Savola Group stated that today, Dec. 11, marks the final day for creditor objections to its capital reduction, with none received so far, according to a statement to Tadawul. 
The company plans to hold an extraordinary general meeting (EGM) on Dec. 12 to approve the capital reduction and distribute its entire 34.52% stake in Almarai to eligible shareholders, the statement added.
For more news on listed companies
Savola began the creditor objection period on Sept. 26, aiming to address surplus capital, enable the in-kind distribution of its Almarai stake, and enhance its capital structure, according to Argaamdata.
Logo of Savola Group
Savola Group stated that today, Dec. 11, marks the final day for creditor objections to its capital reduction, with none received so far, according to a statement to Tadawul.
The company plans to hold an extraordinary general meeting (EGM) on Dec. 12 to approve the capital reduction and distribute its entire 34.52% stake in Almarai to eligible shareholders, the statement added.
For more news on listed companies
Savola began the creditor objection period on Sept. 26, aiming to address surplus capital, enable the in-kind distribution of its Almarai stake, and enhance its capital structure, according to Argaamdata.
