Every Spin-Off
Almarai (34.52% stake)
2280 ABCompletedSAMakes and sells milk, yoghurt, cheese, juices, bakery goods and poultry across Saudi Arabia and the Gulf, under the Almarai, L'usine and Alyoum brands.
Savola distributed its entire 34.52% stake (345.2m shares, c.SAR 21.1bn) in the already Tadawul-listed dairy group Almarai to its shareholders via a capital reduction, about 0.3044 Almarai shares per pre-reduction Savola share.
- Distribution date
- 12 Dec 2024
- Structure
- Stake distribution
- Parent
- Savola Group (2050 AB)
- Spin-off ticker
- 2280 AB
- Listing
- Saudi Exchange (Tadawul) Main Market (already listed)
- Market
- Saudi Arabia
- Sector
- Consumer staples
- Size
- large
Source documents
- Press releaseRights issue and Almarai distribution page
- PresentationNot located
- Prospectus / demerger documentShareholders' circular (capital reduction)
- Sourcesavola.com (annual report 2024)
- Sourcesavola.com (significant transaction circular)
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