The Savola Group is a Saudi Arabian industrial company. The group's major holdings supply Saudi Arabia, the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

and

North Africa North Africa, or Northern Africa is a region encompassing the northern portion of the African continent. There is no singularly accepted scope for the region, and it is sometimes defined as stretching from the Atlantic shores of Mauritania in ...

, and

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

with edible

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

sugar Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double ...

, fresh

dairy A dairy is a business enterprise established for the harvesting or processing (or both) of animal milk – mostly from cows or buffaloes, but also from goats, sheep, horses, or camels – for human consumption. A dairy is typically located on ...

products, and restaurants serving fast foods. The group also owns the largest grocery retailing chain in the Middle East,

Panda Retail Company Panda Retail Company is a Saudi Arabian grocery retailing company. Panda is one of The Savola Group’s subsidiaries. The Savola Group is ranked ninth amongst the top 100 companies in the Saudi Arabian market and ranked second amongst the industr ...

. It is ranked as number 9 among top 100 companies in the Saudi Arabian market and ranked as number 2 among the industrial sector after

SABIC Saudi Basic Industries Corporation ( ar, الشركة السعودية للصناعات الأساسية), known as SABIC ( ar, سابك), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in ...

. Savola has recently listed its Oils and Fats division in the Saudi Stock market under the name Afia International. It was founded in 1979 as Saudi Vegetable Oils and Ghee Co., initially the company's business was importing and refining edible oil.Saudi Billionaires Found Holding Surging Savola Stock
Bloomberg Savola is the kingdom's biggest food company by revenue. According to

Al-Waleed bin Talal Al Waleed bin Talal Al Saud ( ar, الوليد بن طلال آل سعود; born 7 March 1955) is a Saudi Arabian billionaire businessman, investor, philanthropist and royal. He was listed on ''Time'' magazine's Time 100, an annual list of the hu ...

, "This group was established by me and some of my allies...I'd created what you could call the 'Nestlé of the Middle East' – the Savola Group, which is a very dominant force in its field."

Acquisitions

In 2009, Savola signed a deal with Alhokair Group to buy Giant supermarket outlets in Saudi Arabia. In October 2011, Savola bought 78% of Egypt’s Al-Malika and Al-Farasha companies. In 2018, Savola acquired 51 percent stake of

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

-based Al Kabeer Group. In 2022, Savola acquired Egybelg.

References

External Links

Savola Group
Food and drink companies of Saudi Arabia Saudi Arabian brands Companies based in Jeddah {{SaudiArabia-stub