SAVOLA GROUP ANNOUNCES THE APPOINTMENT OF A FINANCIAL ADVISOR TO MANAGE THE SUBSCRIPTION TO RIGHTS ISSUE.
| Element List | Explanation |
|---|---|
| Introduction | With reference to Savola Group’s announcement published on the Saudi Stock Exchange’s “Tadawul” website on 07/02/2024G corresponding to 26/07/1445H regarding the Board of Directors’ recommendation to increase its Capital by SAR 6.0 billion through Rights Issue, the Company announces the appointment of Riyad Capital as the financial advisor to manage the subscription of the capital increase by offering rights issue application. |
| Name of Financial Advisor | Riyad Capital |
| Financial Advisor Appointment Date | 2024-03-14 Corresponding to 1445-09-04 |
| Additional Information | Savola Group will make an announcement upon submitting the application of the Capital Increase by offering Rights Issue to the Capital Market Authority and any other material developments pertaining to the subject once occurring in accordance with the Capital Market Authority’s regulations and the Saudi Exchange’s (Tadawul) rules.
For further information, please refer to the following Savola Weblink: https://www.savola.com/en/right-issue-and-distribution/ |
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