Monday, 09 November 2009 | 00:59 UAE time
COMPANIES
Savola Group
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COMPANY DESCRIPTION
Founded in 1979 with $10.7m capital, the Savola Group is an established player in Saudi Arabia’s industrial sector. The company’s first commercial foray was in the cooking oils market. It eventually developed into one of the Gulf’s most successful multinational food groups, which has since expanded to North Africa and central Asia.Products include sugar, noodles and pasta and packaging, while the company is also involved in real estate and franchising. Savola’s market share for edible oils and sugar in Saudi is 62 percent and 68 percent, respectively. Today, Savola has 16,000 employees and 160,000 shareholders, and is listed in the Top 20 companies in Saudi Arabia.
With those figures in mind, it’s perhaps no surprise Savola reported strong financial results for 2008. Net profit increased to SAR202m ($53.9m) from SR1.23bn ($328m) the previous year, while sales climbed 32 percent to SAR13.8bn ($3.68bn).
KEY INFORMATION
Industry
Multi-line
Address
Floor 8, Saudi Business Center, 14455, Jeddah, Saudi Arabia
T
966 2 6573333
F
966 2 6484119
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 16 June 1979 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Kingdom Holding Company | companies | 10.1 | Saudi Arabia |
| General Organization for Social Insurance - Saudi Arabia | companies | 4.81 | Saudi Arabia |
| Abdullah Mohammad Abdullah Al Rabiea | individuals | 8.7 | Saudi Arabia |
| Mohammed Ibrahim Mohammed Al Issa | individuals | 11.9 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Almarai Company - Saudi Arabia | Saudi Arabia |
| Adeem Arabia Company | Saudi Arabia |
| Afia International Company - Saudi Arabia | Saudi Arabia |
| Al Azizia Commercial Investment Company | Saudi Arabia |
| Al Azizia Panda United Company | Saudi Arabia |
| Almaoun International Holding Company | Saudi Arabia |
| Almatoun International for Real Estate Investment Holding Company | Saudi Arabia |
| Arabian Sadouk for Telecommunications Company | Saudi Arabia |
| Batool International Trading Company | Saudi Arabia |
| Herfy Food Services Company | Saudi Arabia |
| Kamin Al Sharq for Industrial Investments | Saudi Arabia |
| Kinan International for Real Estate Development Company | Saudi Arabia |
| Knowledge Economic City | Saudi Arabia |
| Madarak for Financial Investments | Jordan |
| Savola Foods Emerging Markets Company | Saudi Arabia |
| Savola Industrial Investments Company | Saudi Arabia |
| Savola Packaging Systems | Saudi Arabia |
| Savola Trading International | British Virgin Islands |
| Tayseer | UAE |
| Swicorp | Saudi Arabia |
| Swicorp Joussour Company | Saudi Arabia |
| United Properties Company | Saudi Arabia |
| Utur Packaging Materials Company | Saudi Arabia |
| Savola Foods | Saudi Arabia |
| Seera City for Real Estate Development Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Abdullah Saleh Ibrahim Abahsain | Chairman |
| Sami Mohsen Baroom | Board Member |
| Mohammed Abdulkader Al Fadel | Board Member |
| Ghassan Ahmad Abdullah Al Sulaiman | Board Member |
| Talal Ibrahim Al Mayman | Board Member |
| Abdulaziz Khaled Al Ghufaili | Board Member |
| Ammar Abdulwahed Faleh Al Khudairy | Board Member |
| Abdullah Mohammed Al Telmisani | Board Member |
| Ibrahim Mohammed Al Issa | Board Member |
| Mousa Omran Al Omran | Board Member |
| Yousuf Mohammed Alireza | Board Member |
| Mahmoud Abdulghaffar | Secretary of the Board |
| MANAGEMENT | Position |
| Sami Mohsen Baroom | Chief Executive Officer and Managing Director |
| Ahmad Zalami | Chief Financial Officer |
| Mohammed Amin Kashgari | President - Retail |
| Zuhair Al Oudhgiri | President - Foodstuff |
| Abdulmalek Fathaldin | President - Real Estate |
| Mohammed Amin Jefri | President - Franchising |
| Azhar Kanji | President - Plastics |
| Omar Abdulrahman | Vice President - Legal Affairs for Business Development |
| Ayman A. Hashem | Vice President - Strategic Management Center |
| Mohammed Mustafa Mahmoud | Vice President - Organization Development and Training |
| Mohammed Hassan Ikhwan | Vice President - Mergers and Acquisitions |
| Mahmoud Abdulghaffar | Vice President - Corporate Affairs |
| Fouad Chapra | Vice President - Special Projects |
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