07.12.2012 - Savola EGM approves sukuk issuance
The Savola Group, a leading conglomerate in Saudi Arabia, recently held an extraordinary general meeting (EGM) which approved issuance of sukuk with total value not exceeding the company’s paid-up capital. The EGM also voted to delegate to the Board the authority to issue such tradable debt instruments without reverting to the General Assembly (GA), said Dr Abdulraouf M Mannaa, managing director of the company...............................................Full Article: Source
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