Savola Group

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Recent Articles

• Saudi's Savola Group posts Q4 profit boost18 January 2010

  Firm reports better than expected results, says it will raise net operating income by 8.1% this year.

• Saudi based Herfy starts $110m IPO11 January 2010

  Company offering 8.1m shares at IPO while Savola Group's stake will drop to 47.6%.

• Saudi's Herfy to raise $110.2m from Jan IPO9 January 2010

  Company to sell 30% of capital with proceeds of sale to go to shareholders.

• Saudi Savola cleared for Geant buy7 October 2009

  Deal will see Savola's retail arm Azizia Panda increase its share of Saudi retail market to 8% from 7%.

• Saudi Savola's Q2 profit down, eyes 58% Q3 growth18 July 2009

  Profit falls on lower income, provisions for investment in a listed property developer.

• Savola seeks to double Egyptian edible oil exports22 April 2009

  Unit of Saudi-based Savola Group looking to offset declining domestic market share.

• Kinan puts Jeddah project on hold10 March 2009

  Affiliate of Saudi Arabia's Savola Group puts 2 billion riyals property project on hold.

• Saudi initiative creates 10,000 job opportunities 7 February 2009

  Jobs include sales, marketing, accounting, secretarial work and customer services.

• Saudi Savola posts Q4 loss, predicts further woe18 January 2009

  UPDATE 1: Saudi conglomerate sees 36% drop in company's profit in Q1 of 2009.

• Gulf food retailers 'unlikely to be hit by slowdown'28 October 2008

  Analysts predict sector will outperform others in region if global recession deepens.

• Saudi Savola to invest $1.7bn on expansion by 201019 July 2008

  Company targets more deals in South Asia after it announces news of Pakistan buy.

• Saudi Savola Q2 operating profit up 67% 16 July 2008

  Net profits of $68.7mn in line with forecasts as underlying income grows strongly.