Riyadh – Mubasher: Savola Group’s board of directors on Thursday approved to appoint Bander Talaat Hamooh as the new CEO of its 91% subsidiary Panda Retail Co, effective 15 October.

Nominating Hamooh was based on the recommendation of the remuneration and nomination committee, according to a statement to the Saudi Stock Exchange (Tadawul).

By 1:59 pm KSA time, Savola's stock inched up 0.02% to reach SAR 41.