Savola Group (2050.SE) has appointed Rayan Mohammed Fayez as its CEO & Managing Director, the company announced in a disclosure on 19 January 2016. Fayez, previously the chief executive of JP Morgan Saudi Arabia, is taking over from Abdullah M. Nour Rahemi (assumed his role as CEO on 1 January 2015) who will remain as the company’s CEO until the end of the term of the current board on 30 June 2016. Fayez will begin his duties on 1 March 2016. (Company disclosure) Savola: SAR35.50 as of 19 January 2016, Rating: Buy, FV: SAR70.00 per share, MCap: USD5,055 million, SAVOLA AB / 2050.SE
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