Savola
Savola CEO Rayan Fayez quits
Savola CEO Rayan Fayez has resigned from the Saudi Arabia-based food manufacturer and retailer after less than two years in…
Saudi’s Savola Group ‘in talks to buy confectioner Sannabel Al-Salam’
Saudi Arabia's largest food group Savola has been linked with a US$300m bid to acquire confectionery manufacturer and retailer Sannabel…
Savola profit falls on lower Q1 sales, margins
Saudi Arabian food group Savola has reported a 96% fall in first-quarter net profit. Savola said net profit fell to SAR4.8m (US$1.2m) in…
Egypt impairment charge weighs on Savola’s food arm
Savola has reported a fall in annual sales and earnings from its food division amid an impairment on the Saudi…
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…