Savola Group — Capital/Financing Update 2012

Dec 15, 2012

SAVOLA GROUP ANNOUNCES THE ESTABLISHMENT OF A SUKUK PROGRAM

2050 · 15/12/2012 15:44:53 · Announcement #27888 · View on Saudi Exchange

SAVOLA GROUP ANNOUNCES THE ESTABLISHMENT OF A SUKUK PROGRAM

The Savola Group is pleased to announce that its Board of Directors has issued on 15/12/2012G its approval for the Company to establish a Sukuk program pursuant to which the Company will be enabled to issue Sukuk through one or more tranches or a series of issues in an amount that does not exceed the Companys paid-up capital (the Program). The Board has also authorized the Companys managing director to issue Sukuk under the Program and to take and complete all the necessary actions in this respect. Those Board resolutions were issued pursuant tothe Extraordinary General Assemblys resolutions issued in its meeting dated 21/01/1434H (corresponding to 05/12/2012G), the results of which were published on Tadawuls website on 5 December, 2012.

The Company will complete all applicable regulatory and legal procedures and will announce, through the Tadawuls website, any related material developments in this regard.

The Company has appointed HSBC Saudi Arabia to act as a Program arranger

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.