Tagged: Savola Group

Savola Group announces Sukuk programme

Savola Group announces Sukuk programme

Saudi Arabia-based Saviola Group is about to launch a new Sukuk program, according to a filing on the Saudi exchange from December 15. The Sukuk will be issued in a series of tranches and its value will not exceed the Company’s paid-up capital.

Savola EGM approves sukuk issuance

Savola EGM approves sukuk issuance

At a recent extraordinary general meeting (EGM) the Savola Group gave its approval for the issuance of a sukuk. The bond’s total total value shall not be higher than the company’s paid-up capital. THe EGM furthermore voted the delegation of the issua…