Logo ofSavola Group
Savola Group deposited Almarai Co.‘s shares today, Dec. 19, into the portfolios of eligible shareholders as compensation for the cancellation of shares resulting from the capital reduction and the significant transaction. 
In a statement to Tadawul, the company said that 0.3044 Almarai shares will be distributed for each Savola share held by eligible shareholders as of Dec. 1 (before the capital reduction).
Fractional shares of Savola, resulting from the capital reduction, and fractional shares of Almarai, resulting from the distribution-in-kind, will be combined into a single portfolio. These fractional shares will then be sold in the market at the prevailing price.
The proceeds from the sale will be distributed to eligible shareholders based on their holdings within 30 days from the date of the EGM’s approval of the capital reduction and the significant transaction, the statement added.
Logo ofSavola Group
Savola Group deposited Almarai Co.‘s shares today, Dec. 19, into the portfolios of eligible shareholders as compensation for the cancellation of shares resulting from the capital reduction and the significant transaction.
In a statement to Tadawul, the company said that 0.3044 Almarai shares will be distributed for each Savola share held by eligible shareholders as of Dec. 1 (before the capital reduction).
Fractional shares of Savola, resulting from the capital reduction, and fractional shares of Almarai, resulting from the distribution-in-kind, will be combined into a single portfolio. These fractional shares will then be sold in the market at the prevailing price.
The proceeds from the sale will be distributed to eligible shareholders based on their holdings within 30 days from the date of the EGM’s approval of the capital reduction and the significant transaction, the statement added.
