The Savola Group would like to announce its Board of Directors decision dated 7th February 2018 to recommending the distribution of SAR 533,98 million (i.e. SAR 1 per share) as cash dividends for the year 2017, which represents 10% of the Company nominal share value. It is worth mentioning that the total entitled shares for dividends are (533,980,684) shares, which represent all issued shares of the Company's capital.
The maturity date for this cash dividends will be for all shareholders who are registered in Tadawul at the end of the second trading day following the day of the General Assembly Meeting (AGM) which will be fixed after securing the formal approval from the relevant official authorities, and accordingly, the said AGM will ratify the above Board's recommendation. Hence, the date of the dividend distribution will be announced later.