The Savola Group announced its Board of Directors acceptance of the resignation of the Group’s Chief Executive Officer, Anees Ahmed Moumina during its meeting held on 28th October 2020. Anees Moumina submitted his resignation due to personal reasons. His resignation will take effect as of January 1st, 2021. Hence, Anees will continue his role until the end of the current year, 2020. The Board also decided in the same meeting based on the Remuneration and Nomination Committee recommendation to appoint Mr. Waleed Khalid Fatani in the position of the CEO of the Savola Group. Mr. Waleed Fatani will start officially his role effective, January 1st, 2021.