14/11/2017 16:42 AST

Savola Group (Savola) would like to announce its Board of Directors acceptance of the resignation of its Chief Executive Officer (CEO); Eng. Rayan M. Fayez on 14 November 2017. Eng. Rayan Fayez submitted his resignation on 13 November 2017 due to his acceptance of a new position at another organization. His resignation will take effect on 8 February 2018.

In this connection, the Savola Group Chairman and the Board Members extended their sincere thanks and appreciation to Eng. Rayan for his efforts and dedication exerted during his office term as CEO for the Group. The Board also wishes Eng. Rayan all the best in his future endeavors.

The Savola Group will later announce the new CEO replacing Eng. Rayan as per the formalities and regulations in this respect.


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