Savola Group Co - Company Profile
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Savola Group Co (Savola) is an investment holding group involved in food and retail business. It manufactures and sells vegetable ghee, edible oils, sugar, pasta seafood and fast foods and dairy products. Savola markets these products under Yudum, Shams, Sabah, Al Tayeb, Al Arabi, Rawabi, Italiano, Ganna, EL Maleka, Al Osra and Afia brands. It also offers grocery products through its hypermarkets, supermarkets and convenience stores under the Panda banner. The company undertakes real estate related investment operations. It operates manufacturing plants in Saudi Arabia, Egypt, Sudan, Morocoo, Iran, Iraq, Turkey and Algeria and export these products to various countries across Asia-Pacific, Europe the Middle East and Africa and North America regions. Savola is headquartered in Jeddah, Makkah, Saudi Arabia.
Savola Group Co premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Vegetable Oils | Real Estate Investments | Zaki |
Ghee | Retailing | Shams |
Edible Oils | Food Services | Sabah |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Plans/Strategy | In February, the company announced its plans to distribute its stake in Almarai to certain shareholders, after the initiation of a SAR6 billion rights issue. |
2023 | Plans/Strategy | In October, the company announced its plans to sell its 34.52% stake in Almarai Co. |
2022 | Contracts/Agreements | In October, the company entered into a signature of a binding share sale agreement of its shares in Knowledge Economic City Company and Knowledge Economic City Developers Company Limited for an amount of SAR459.26 million. |
Competitor Comparison
Key Parameters | Savola Group Co | Almarai Co | Abdullah Al-Othaim Markets Co | Saudia Dairy and Foodstuff Co | National Agriculture Development Co. |
---|---|---|---|---|---|
Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
City | Jeddah | Riyadh | Riyadh | Jeddah | Riyadh |
State/Province | Makkah | - | Ar Riyad | - | - |
No. of Employees | 17,891 | 40,213 | 5,097 | - | - |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Waleed Khalid Fatani | Chief Executive Officer | Senior Management | 2021 | - |
Wajid Usman Khan | Chief Financial Officer | Senior Management | - | - |
Mohammad Nasr | Chief Investment Officer | Senior Management | - | - |
Elnour Ali Saad | Secretary; Chief Corporate Governance- Compliance, Legal Affairs Officer | Senior Management | 2022 | - |
Morhaf M. Alsamman | Chief Human Resources and Corporate Services Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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