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Presenting the draft announcement and press release to Savola CEO, Senior
Executives, and other authorized employees. This draft may be circulated to
the other Board members in order to know their viewpoints if the CEO see
that as necessary.
Publishing this in Tadawul website, newspapers, websites (as appropriate),
and other media to ensure a wide publicity.
Any requests for any material information not allowed for publication should be
rejected.
3)
Disclosure of Financial Information
The interim and annual financial statements of Savola Group must be approved by the
Board members and signed by a member authorized by the Board, CEO and CFO prior to
their issuance and circulation to shareholders and other stakeholders. The interim and
annual financial statements and the Board of director’s report shall be submitted to the
CMA immediately upon approval by the Board members. All mandatory announcements
shall be made as per the requirements of the CMA.
4)
Disclosure in the Board Report
Within the period set out on the regulations, an annual report shall be issued by the Board,
sent to the CMA and announced to shareholders. The report of the Board shall include a
full presentation of the Company's operations during the last financial year and all factors
affecting the Company's business. It shall include all the requirements mentioned in
Article (90) of the CG Regulations, the related articles of the rules of registration and listing
issued by the CMA, and Clause (4) of Article (76) of the Companies Law.
5)
Disclosure via the Website and other Media platforms including Social Media:
Savola Group gives a special importance to its website and constantly updates it as it is one of
the most important windows and means of communication with shareholders, investors and
all the public. It shall be supervised and continuously updated by the Savola Communication
Department and the information shall be verified and reviewed - before posting on the site -
by the CG & Compliance Department to ensure that this information and its contents comply
with the disclosure regulatory requirements of the listed shareholding companies and to avoid
any irregularities that may occur as a result of publishing information that should not be
published in accordance with the regulations of the CMA.
The CG and compliance department shall review all disclosures before its publication,
including periodicals, newsletters and media publications issued by the Company as well as
newspaper and social media sites or platforms to ensure their compliance with the laws and
regulations of the listed companies, this enables the company to avoid any violations that may
occur as a result of that; also The management of the Group's and the operating companies
should abide to the provisions herein this policy to avoid any violations in this regard.
6)
Disclosure Regarding CG
Savola Group shall disclose CG policies and procedures through disclosure of the
followings in its website or other means of communication as per company policy:
- Company’s Bylaws;
- CG Manual and other relative documents;
- Annual Board Report;
