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Savola Group is a producer of edible oil and sugar. It owns and operates Panda hypermarkets. The company has investment arms in several sectors, including dairy producer Almarai and fast food chain Herfy. It owns also plastics packing and real estate units.
Overview
Savola Group was set up as a Saudi joint-stock company in 1979 with a capital of SAR 40 million. The company operates in the wholesale and retail sale of foodstuffs segment. Through its subsidiaries, it manufactures, markets and distributes products including edible oils, pasta, sugar, seafood and sweets.
The firm operates through two key business segments. The food segment, which includes producing edible oils, sugar, pasta, frozen foods, as well as seafood, bakery products, nuts, spices, Legume, in addition to dates, seeds, dried fruits, sweets and packaged snacks, and the retail segment, which includes owning and operating Panda super ad hyper markets, a leading grocery store chain in Saudi Arabia and the Middle East region.
The company operates in the real estate sector through its subsidiary, Kinan International for Real Estate Development Co.
Savola Group carries out its activities through its edible oil brands “Afia” and “Al Arabi”, sugar brand “Al Osra”, pasta brand “El Maleka”, frozen food products brand “Al Kabeer”, healthy snacks brand “Bayara”, and retail brand “Panda Retail”.
Basic Information
City: | Jeddah |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1979 |
Commercial Register: | 4030019708 |
Website: | www.savola.com |
CGNour@savola.com | |
Phone | +966 12 268 7800 |
Fax | +966 12 268 7828 |
Address | Savola Tower - Prince Faisal Bin Fahd Road - Ashati District - Jeddah - 23511 |
PO Box | 7333 |
Argaam Classification
Industry Peers
Almarai Co. |
Abdullah Al Othaim Markets Co. |
Almunajem Foods Co. |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 530.54 |
Free Float % : | 99.36 |
Weight in Index % : | 1.24 |
3M Average Volume : | 1,481,250 |
3M Average Transactions : | 4,418 |
Change(12M) % : | 108.10 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
59.97 | 11.23 % | |
Abdulqader Al Muhaidib & Sons Co. | 43.95 | 8.23 % |
Abdullah M. A. Al Rabeia | 43.89 | 8.22 % |
Al Muhaidib Holding Co. | 33.96 | 6.36 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Al Matana Holding | Saudi Arabia | 100.00 % |
The Good Food | Saudi Arabia | 100.00 % |
Arabian Utur Holding for Investment Trading | Saudi Arabia | 100.00 % |
Savola foods Co. | Saudi Arabia | 100.00 % |
Al-Motaheda for Property Development | Kuwait | 100.00 % |
Madarek Investment | Jordan | 100.00 % |
Adeem | Saudi Arabia | 100.00 % |
Panda Retail | Saudi Arabia | 98.87 % |
Al Matoun | Saudi Arabia | 80.00 % |
Intaj | Tunisia | 49.00 % |
HERFY FOODS | Saudi Arabia | 49.00 % |
ALMARAI | Saudi Arabia | 34.52 % |
USCE | Egypt | 33.82 % |
Kinan | Saudi Arabia | 29.90 % |
Investments
Company | Percentage |
---|---|
Jusoor Saudi | 14.81 % |
Swicorp | 15.00 % |
Arab Phoenix Holdings | 5.00 % |
EMAAR EC | 0.87 % |