The Savola Group Announces the Results of the Extraordinary General Assembly Meeting No. (32) (First Meeting)

30 April 2020 08:11 AM

Default Company 2050.B 6.03% 37.80 2.15

Element List	Explanation
Introduction	The Savola Group Board is pleased to announce the results of the Extraordinary General Assembly Meeting no. (32) which was held on Wednesday 29th April 2020 corresponding to 6th Ramadan 1441H (Umm Al Qura Calendar) at 22:30 after reaching the EGM required quorum as per the Company’s bylaws.
City and Location of the General Assembly's Meeting	The EGM was held remotely via modern technological means as per the circular issued by the Capital Market Authority that includes conducting general assembly meetings through modern technological means that enable shareholders to participate in meetings’ deliberations and vote on the agenda to support the preventive and precautionary measures and efforts conducted by relevant authorities to address and contain the novel Coronavirus (COVID-19).
Date of the General Assembly's Meeting	2020-04-29 Corresponding to 1441-09-06
Time of the General Assembly's Meeting	22:30
Percentage of Attending Shareholders	61.70
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board Members attended the meeting: 1- Mr. Sulaiman A. Al Muhaidib (Chairman of the Board) 2- Mr. Bader A. Alissa (Vice Chairman of the Board) 3- Dr. Adnan A. Soufi 4- Mr. Abdulaziz K. Al Ghufaily 5- Mr. Essam A. Al Muhaidib 6- Eng. Mutaz Q. Alazzawi 7- Mr. Mohammed I. Alissa 8- Mr. Fahad A. Al Kassim 9- Mr. Abdulrahman M. Addas 10- Mr. Bader H. Al Rabiah 11- Mr. Rakan A. AlFadl The meeting was also attended by Eng. Anees A. Moumina, Savola Group CEO
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	The following Committees’ Chairmen attended the meeting: 1- Mr. Fahad A. Al Kassim. (Audit Committee Chairman) 2- Mr. Rakan A. AlFadl. (Remuneration and Nomination Committee Chairman) 3- Eng. Mutaz Q. Alazzawi. (Investment Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's	Attached
Attached Documents

The Results of the Extraordinary General Assembly Meeting

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