JEDDAH, 13 October 2006 — The General Assembly of the Savola Group approved a 25-percent hike in the group’s capital from SR3 billion ($800 million) to SR3.75 billion ($1 billion) in an extraordinary meeting held Wednesday evening. The meeting, presided by board chief Adel Muhammad Faqeeh, also resolved to grant a bonus share at the rate of each four shares. The decision is in line with the group’s strategy to distribute bonus shares in a periodic manner to its distinguished shareholders in order to raise the number of total shares from 300 million to 375 million. Abdul Rauf Mana, CEO of the group, said the date of the eligibility of the bonus shares and the date of the eligibility of the payment of SR93.7 million ($25 million) as profit for the second quarter of the year at the rate of SR0.25 per share to all the shareholders.
