Sadr Logistics Co. — Major Shareholding Notification 2022

Dec 4, 2022

Sadr Logistics Co. announces the transformation of the ownership of the founders' shares to Elmah Investment Holding Company.

1832 · 04/12/2022 09:41:37 · Announcement #71225 · View on Saudi Exchange

Sadr Logistics Co. announces the transformation of the ownership of the founders' shares to Elmah Investment Holding Company.

Element List	Explanation
Announcement Detail	Sadr Logistics Co. announces that it has received a letter from the company's leading owners, indicating that the ownership of the founders' shares has turned:

1- Mohamed bin Abdullah Al-Samaani

2- Bandar bin Mohamed Al-Samaani

To the Elmah Investment Holding Company (a limited liability company), a family company owned by the Al-Samaani family (founders of Sadr Logistics Services), so that the share of Elmah Company becomes 19.994% of the shares of Sadr Logistics Co, and this step comes from the founders in an effort to shift from individual work to institutional work, which achieves business governance according to best practices for family companies, This disclosure comes by the company within the framework of transparency and clarifying the image, knowing that each of Mohamed bin Abdullah Al-Samaani is still the position of Chairman of the Board of Directors, as well as Bandar bin Mohamed Al-Samaani, Vice Chairman, Managing Director and CEO, The company asserts that these developments will not affect the company's strategy, progress and projects.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.