Riyadh – Mubasher: Savola Group on Monday completed all the special negotiated transactions to sell part of its stake in Al Marai, to achieve SAR 694.1 million ($185 million) profits that will appear in Savola’s financial statements for the third quarter of 2017.
Savola’s stake in Al Marai decreased to 34.52% from 36.52% after the transaction’s completion, according to a statement to the Saudi Stock Exchange (Tadawul).
Savola Group’s stock shed 0.74% to SAR 45.60, whereas Al Marai’s stock increased 0.78% reaching SAR 74.70 on Sunday.
