Savola

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…

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…

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…

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…

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…

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…