Savola shareholders approve sale of all shares in KEC to Taiba for $122m : vimarsana.com

RIYADH: Shares of Savola Group Co. increased 0.66 percent, after its shareholders approved selling all Savola’s shares in Knowledge Economic City Co. to Taiba Investments Co. for SR459 million ($122 million). Savola saw its shares increase to SR30.8 as of 10:06 a.m. Saudi time. Savola owns an 11.47 percent stake in KEC — direct ownership of 6.40 percent and indirect ownership

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