The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in MENACA region (Middle East, North Africa and Central Asia) managing a wide portfolio of businesses. The company was established in 1979 with an initial SR 40 Million Capital & grew significantly in subsequent years to SR 5 Billion. Savola's first business was in the edible oil industry in Saudi Arabia. It is now one of the most successful and fastest growing multinational food groups in the Gulf and the Middle East Region, North African & Central Asian countries, with a wide portfolio of businesses including Edible Oils, Sugar, Noodles/Pasta, Retail, Packaging, Real Estate and Franchising.
Savola currently has market shares of 62% of the Edible Oils market and 68% of the Sugar market in the Kingdom as well as 113 Retail outlets Supermarkets/Hypermarkets).
The Savola Group operates its businesses through four Core Sectors; "Savola Foods Sector", including Edible Oils, Foods and Sugar and "Savola Retail Sector", including Retail (Panda - and Hyper Panda), Real Estate Sector (Kinan International) and Savola Plastics Sector. In addition to this, Savola also has a Franchising Unit which has exclusive rights in Saudi Arabia for internationally renowned brands of fashion wears from different countries.
Today, the Group has a work force of more than 16,000 employees, around 160,000 shareholders and ranked number 12 among the top 100 Saudi Companies in 2009 as per (Al-Eqtisadiah Newspaper Report).
Savola's Investments
Savola has major investment in Al Marai Dairy Company (30%), Herfy Foods Company (47%), Jordanian Tameer Company (5%), Founding Shareholder of Knowledge Economic City in Madinah and Founding Shareholder of King Abdullah Economic City in Rabigh, Saudi Arabia.
Savola & the Community
Savola is a pioneer in the region in the areas of Corporate Social Responsibility (CSR), corporate Governance and Ethics & Values. More information on these initiatives is available in the relevant sections of this website.
For more information, please visit: www.savola.com
