Saudi Arabia’s Savola snaps up bakery firm Egyptian Belgian Company
Egypt’s Edita Food Industries recently called off talks to acquire Egybelg.
BySavola
Thai Union quits Middle East venture
The Thailand-based seafood giant is selling up and leaving a venture signed six years ago after the business failed to…
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Earnings summary – Kraft Heinz FY sales fall; Campbell H1 sales drop on volumes in ‘challenging’ US; Danone boosted by WhiteWave synergies; J.M. Smucker Q3 food sales fall
just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs…
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…
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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…
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Savola profit falls on lower Q1 sales, margins
Saudi Arabian food group Savola has reported a 96% fall in first-quarter net profit.
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…
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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.