Taiba shareholders approve acquisition of Savola's stake in KEC for $122m : vimarsana.com

RIYADH: Taiba Investments Co. received its shareholders' approval to purchase all stakes owned by Savola Group in Knowledge Economic City Co. for SR459 million ($122 million). Savola owns an 11.47 percent stake in KEC — a direct ownership of 6.40 percent and an indirect ownership of 5.07 percent — through Knowledge Economic City Developers, according to a bourse filing. The

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