Savola notified of ownership change by Al Muhaidib Holding

10/08/2026 Argaam
The restructuring will involve transferring representing 1.53% of Savola’s shares to Abdulkadir Al Muhaidib Sons

The restructuring will involve transferring representing 1.53% of Savola’s shares to Abdulkadir Al Muhaidib & Sons

Savola Group said it received a notification on Aug. 9, 2026, from Al Muhaidib Holding, a major shareholder with a 6.36% stake, stating its intention to reorganize and restructure its investment portfolios.

 

Al Muhaidib would transfer its 4.59 million shares, representing a 1.53% stake in Savola, to the portfolio of Abdulkadir Al Muhaidib & Sons Co. (closed joint-stock company), which currently holds 8.322% stake in Savola, according to a statement on Tadawul.

 

The transfer will increase Abdulkadir Al Muhaidib’s stake in Savola to 9.85%, while Al Muhaidib will no longer be included as a major shareholder.

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