Savola Group among Top 100 Companies in Middle East According to Forbes
Jeddah, Kingdom of Saudi Arabia –gulftech : Savola Group, a leading strategic investment holding group in the food and retail sectors across the MENA region (the Middle East, and North Africa) continues to reinforce its position among the top 100 companies in the Middle East for the year 2022 according to “Forbes Middle East” magazine, where the Group was ranked as the 67th in the Middle East. The ranking was based on market value, sales, assets, and profits.
Mr. Waleed Fatani, Savola Group CEO said: “Savola Group continues maintaining strategic focus and transforming for the future, capitalizing on our vast experience in understanding consumers’ behavior in the Middle East and North Africa as well as our unique footprint in the region, in addition to over 40 years of successful track record of dynamic capital allocation.”
Savola Group, founded in 1979, is a leading strategic investment holding group in the food and retail sectors across the MENA region. It operates Savola Foods which produces and exports much-loved everyday household products including oil, sugar, and pasta to cover more than 50 countries around the world. It also operates the largest grocery store chain (Panda) with 195 stores in more than 42 cities across the Kingdom of Saudi Arabia and Egypt. It owns a stake of 34.52% in (Almarai) as well as a stake of 51% in Alkabeer Group for frozen foods. Savola also owns the largest stake (49%) in Herfy Food Services Company which manages 387 outlets.
