Savola Archives - Just Food
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Savola

Savola posts 53.3% fall in Q3 net profit

Saudi Arabian food group Savola has booked a 53.3% fall in net profit in interim third-quarter financial results for 2016. Savola said net profit for the three months to 30 September was…

Savola Q1 profits plunge on higher expenses

Profits at Saudi Arabian food group Savola have plunged in the first quarter. For the three months ending 31 March, Savola recorded an 80% drop in profits to SAR92.9m (US$24.7m). The…

Savola posts FY profit drop on charges

Saudi's Savola Group has posted a fall in annual profits. Net income fell 13.5% in 2015 to SAR1.8bn (US$479.9m). Savola said the lower earnings came from charges associated with the disposal…

Savola appoints Rayan Mohammed Fayez as CEO

Saudi Arabian food group Savola has appointed a new CEO.  In an announcement yesterday (19 January) the group said it was appointing Rayan Mohammed Fayez as CEO. Fayez previously held…