Savola Group

LOCATION:
Location: 
Saudi Arabia
AREAS OF BUSINESS:
Area of Business: 
Food and retail
SECTORS:
Sectors: 
Food
NUMBER OF EMPLOYEES:
Number of Employees: 
23,000

 

Overview

Overview: 

Savola Group is one of the most successful diversified food industry companies in the Middle East and a leading supermarket retailer in Saudi Arabia. It was formed in 1979, with Abdulkadir Al Muhaidib being one of the founders of the company. The Al Muhaidib Group remains a major shareholder and since 2013 Sulaiman A.K. Al Muhaidib has served as Chairman.


Initially, Savola’s key focus was on the manufacture and distribution of edible oils and vegetable ghee before moving into sugar refining with United Sugar. Through the Panda supermarket operation, which was acquired in 1998. In addition, Savola holds a 36.5 per cent share in the Kingdom’s largest dairy firm, Almarai, and manages a significant stake in fast food catering through its interests in Herfy Foods and Restaurants. Savola is also a real estate owner and has its own plastics packaging operation.



Fact

Fact: 

The food industry is Saudi Arabia is highly productive and grows at an annual rate of between 5 and 8 per cent.


www.Savola.com