JEDDAH, 19 April 2004 — Savola’s board of directors have approved an increase in the company capital from SR800 million to SR1 billion. Adel M. Faqeeh, Savola’s chairman, said that four million free shares would be distributed to shareholders, one share for every four owned. He said that company shares would increase from 16 million to 20 million shares. The company’s capital will increase from SR800 million to SR1 billion after transferring SR200 million from reserves. The company also approved distributing first quarter profits estimated at SR66 million, compared with SR51 million from the same period last year. That is an increase of 29 percent.