ELEMENT LIST EXPLANATION
Introduction Further to the Savola Group previous announcements in Tadawul regarding the subject, the Group would like to announce that its wholly owned subsidiary Savola Foods Company, completed the acquisition of 100% of Bayara Holding Limited, after obtaining the No-objection Certificate with respect to the economic concentration from General Authority for Competition (GAC).
Acquisition Procedures Conclusion Date 2021-10-14 Corresponding to 1443-03-08
Summary of Acquisition / Purchase - The acquisition of 100% of Bayara Holding Limited.

- The acquisition was paid in cash.

- The transaction consideration of USD 260 million (SAR 975 million)

Related Parties There are no related parties in this transaction.
Financial Impact The impact of the transaction is expected to be reflected on the Group's financial results as of the 4th quarter of 2021.
Ownership and Legal Documents Transfer Conclusion Date 2021/10/14
Additional Information Bayara Holding Limited is a leading packaged food company based in the United Arab Emirates offering range of nuts, spices, dried fruits, pulses and snacks. Bayara recorded net sales of approximately SAR 420 million for a twelve-month period ending in March 2021 with a healthy mid-teens EBITDA margin.

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SAVOLA Group Company SJSC published this content on 17 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 08:41:00 UTC.