Saudi Arabia's Savola Group plans to list Panda Retail Company and distribute 34.52% stake in Almarai to shareholders, creating value and exposing them to Almarai's growth potential.

Saudi Arabia's Savola Group plans to list its Panda Retail Company subsidiary and distribute its 34.52% stake in Almarai to eligible Savola shareholders. The moves aim to create additional value for shareholders and unlock value for Savola's shareholders by providing direct exposure to Almarai's growth potential and future dividend capacity. Panda Retail Company operates over 185 retail stores in Saudi Arabia and Egypt, serving over 90 million customers annually.

February 07, 2024
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