Sun 26 Sep 2010 07:52 AM
Abdulraouf Mannaa
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Abdulraouf Mannaa

Industry: Retail

Designation: The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in the Middle East, North Africa and Central Asia region.

Country: Saudi Arabia

Occupation: The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in the Middle East, North Africa and Central Asia region.

$9,836

Savola Group

Saudi Arabia

The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in the Middle East, North Africa and Central Asia region. But while it manages a wide portfolio of businesses, it is best known for its foods and retail arms.

Here's the crunch: while the company almost doubled its profit in the first half of 2010, compared to the same period last year, grocers and mall owners the world over will tell you that theirs is an industry suffering heavily in the recession - and what's more, an industry that is reliant on high levels of manpower.

As a result, the figures aren't flattering for group managing director Dr Abdulraouf Mannaa: with 16,267 employees on the books and $160m profit in the bank during the first half, each staff member at Savola is equivalent to just $9,836. It's certainly food for thought, but Dr Mannaa will be counting on a strong Ramadan performance to put a smile on his face in H2.