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Savola to distribute stake in Almarai to shareholdersSavola Group has announced its intention to distribute its entire 34.52% shareholding in Almarai, the Middle East’s leading food and beverage company, to eligible Savola shareholders following a SAR6 billion ($1.6 billion) rights issue.& More… |
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Savola to distribute stake in Almarai to shareholdersSavola Group has announced its intention to distribute its entire 34.52% shareholding in Almarai, the Middle East’s leading food and beverage company, to eligible Savola shareholders following a SAR6 billion ($1.6 billion) rights issue.& More… |
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Saudi group Savola eyeing $5.4bn Almarai stake saleSaudi food conglomerate Savola Group has confirmed that it’s exploring options for its $5.3 billion holding in the Middle East’s largest dairy firm, in what could be one of the region’s biggest merger and acquisition deals, r More… |
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Savola completes acquisition of Bayara HoldingSavola Group, a leading investment holding company with focus on food and retail sectors, and Spicemen have announced the completion of the acquisition of Bayara Holding by Savola Foods Company, a wholly owned subsidiary of Savola Group. More… |
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Deft sales mix leads to margin accretion for SavolaSavola group, an established player in Saudi Arabia's industrial sector, reported a net profit of SR284 million ($75.7 million) in Q3, a growth of 28% y-o-y driven by higher gross margin and operating efficiencies. More… |
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Lulu, Majid Al Futtaim, Savola among top 250 retailersThree major retailers from the Middle East region - Emke Group/Lulu Group International, Majid Al Futtaim Holding and Savola Group – are on a new list of top 250 global retailers, launched by Deloitte Global. More… |
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Savola's retail unit Panda names new CEOSavola Group, one of Saudi Arabia's leading retail and food holding companies, has appointed Bander Talaat Hamooh as the new chief executive officer (CEO) for its retail unit Panda effective October 15. Panda, 91 per cent owned by S More… |
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Savola in $300m deal to buy Saudi confectionerySavola Group, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters. The confecti More… |
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Savola in $300m deal to buy Saudi confectionerySavola Group, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters. The confecti More… |
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Three Mideast retailers among international top 250The Middle East remains an attractive destination for retailers, with Emke Group/Lulu Group International, Majid Al Futtaim Holding and Savola Group ranking among the 250 largest retailers in the world, a report said. “Toget More… |
