Savola Group offloads Iran operations
Savola Group has struck a deal to sell its operations in Iran to an undisclosed “foreign investor” for SR705m ($187.6m).…
Savola
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Savola Group to hand off Almarai stake to shareholders
Saudi Arabia’s Savola Group is to distribute its stake in food manufacturer Almarai to some of its shareholders, following its…
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Savola Group ‘weighing up sale of Almarai stake’
Savola Group is reportedly considering selling its stake in Saudi Arabian peer Almarai Co. Citing unnamed sources, Bloomberg has reported…
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Saudi Arabia’s Savola snaps up bakery firm Egyptian Belgian Company
Savola Foods, a subsidiary of Saudi Arabia’s Savola Group, has acquired the Egyptian Belgian Company for Industrial Investments (Egybelg). Al…
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Thai Union quits Middle East venture
Seafood giant Thai Union Group is selling up and leaving a venture in the Middle East signed six years ago…
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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…
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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. Savola said net profit fell to SAR4.8m (US$1.2m) in…
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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…
