Saudi retail giant appoints new CEO

Panda, which is 91% owned by Savola Group, says it has hired Bander Talaat Hamooh
By Staff writer
Thu 12 Oct 2017 01:24 PM

The retail arm of Saudi food giant Savola on Thursday announced the appointment of a new CEO.

Panda, which is 91 percent owned by Savola Group, has hired Bander Talaat Hamooh who will take up the role on Sunday.

Bander, a Saudi national, has previously held positions at the Ministry of Health and was CEO of Al Nahdi Medical Company, where he led the expansion of the business in the pharmaceutical retail sector.

Savola is Saudi Arabia’s largest food products company which owns supermarket chain Panda.

In 2016, Panda Retail Company recorded a revenue of SR13.8 billion, a 3 percent increase on the previous year.

Panda operates a large number of grocery hypermarket, supermarket and convenience stores, serving 134 million customers in 44 cities.

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