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Al Muhaidib Holding to Transfer 1.53% Savola Stake

MT Newswires·08/10/2026 01:28:57
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01:28 AM EDT, 08/10/2026 (MT Newswires) -- Al Muhaidib Holding, which holds a 6.36% stake in Savola Group (SASE:2050), plans to transfer a 1.53% interest in the Saudi food and retail company to Abdulkader Al Muhaidib & Sons. Following the transfer, Abdulkader Al Muhaidib & Sons' stake in Savola will increase to 9.85%, while Al Muhaidib Holding will no longer be a substantial shareholder, according to a Monday filing.