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Savola Group announces the appointment of Vice-Chairman of the Board

Savola Group is pleased to announce the decision of its Board of Directors on its meeting held on 4 May 2017 appointing Mr. Badr Abdullah Al-Issa (non-executive member) as Vice-Chairman of the Board based on the Compensation and Nomination Committee recommendation, effective 19/04/2017 until the end of the current office term of the Board, ending on 30/06/2019.

It's worth mentioning that Mr. Bader Al Issa holds an MBA from Rice University in the United States and is a Chartered Financial Analyst. He is also a Board Member in a number of joint stock companies such as Al-Marai, Banque Saudi Fransi, and Dur Hospitality beside his membership in Savola Board of Directors since 10/08/2011.

The board members wished Mr. al Issa all the best in his new position.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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