| | Business Sectors and International Presence |
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With regard to the investment portfolio, the Savola has major investment in Al Marai Dairy Company (36.52%), Herfy Foods Company (49%), 29.99% of Kinan Real Estate Co., Jordanian Tameer Company (5%), Founding Shareholder of Knowledge Economic City in Madinah and Founding Shareholder of King Abdullah Economic City in Rabigh, Saudi Arabia. Though The Savola Group achieved a record net profit of SAR 1.4 billion for 2012, an increase of 16.7% and expects to achieve SAR 1.5 billion (before capital gain and exceptional items) by the end of 2013.
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The following table articulates the Groups' subsidiaries and associates in KSA and overseas, their core activities, and country of incorporation:
| Sl.# |
Company name |
Country of Incorporation |
Core activities |
Country presence |
Ownership % (Direct& indirect) |
Capital As per Nominal Share Value |
| First: Foods Sector: |
| 1 |
Savola Foods Co. (SFC) |
KSA |
Foods (Edible Oils, Sugar & Pasta) |
Holding Company manages the Group investment in Foods Sector in KSA & overseas |
90% |
SAR 2.2 billion |
| 2 |
Afia International Co. |
KSA |
Edible Oils & Fats & Pasta |
KSA, Gulf, Yemen, Egypt, Iran, Turkey, Kazakhstan |
95.19% |
SAR 500 million |
| 3 |
Savola Foods Emerging Markets Company * |
Virgin Island (Britain) |
Edible Oils |
Algeria, Sudan, Morocco |
95.4% |
SAR 130 million |
| 4 |
United Sugar Company |
KSA |
Sugar cubes, Beet sugar and Sweeteners |
KSA, Egypt, exports its products to most Arab Countries |
74.4% |
SAR 395 million |
| 5 |
Al-Malika Foods Industry Co. |
Egypt |
Manufacturing Pasta |
Egypt |
100% |
EGP 50 million |
| 6 |
Al Farasha Foods Industry Co. |
Egypt |
Manufacturing Pasta |
Egypt |
100% |
EGP 20 million |
| Second: Retail Sector: |
| 7 |
Al-Azizia Panda United |
KSA |
Retail (Hypermarkets & Supermarkets) |
KSA, Dubai, Lebanon, Qatar |
74.4% |
SAR 652.8 million |
| Third : Plastic Sector: |
| 8 |
Savola Packaging Systems Co. |
KSA |
Plastics (Flexible & Rigid) |
KSA, Egypt, exports its products to more than 20 countries globally |
100% |
SAR 342.4 million |
| 9 |
New Marina Plastics Co. |
Egypt |
Plastics |
Egypt |
100% |
EGP 30 million |
| 10 |
Al-Sharq Plastic Co. |
KSA |
Plastics |
KSA |
100% |
SAR 61.6 million |
| Fourth: Investments Sector ( Non- Managed By The Group) |
| 11 |
Herfy foods Services Co. |
KSA |
Foods & Fast Food Restaurants |
KSA & some GCC Countries |
49% |
SAR 300 million |
| 12 |
Al-Marai Co. |
KSA |
Fresh Food products |
KSA & regional countries |
36.5% |
SAR 4 billion |
| 13 |
Kinan International Real Estate Development Co. |
KSA |
Real Estate Development |
KSA |
29.9% |
SAR 1.7 billion |
| 14 |
Knowledge Economic City Co. |
KSA |
Real Estate Development |
KSA |
17% |
SAR 3.4 billion |
| 15 |
Tameer Co. (Jordan) |
Jordan |
Real Estate Development |
Jordan |
5% |
JOD 260 million |
| 16 |
Dar Al Tamlik Co. |
KSA |
Real Estate Development |
KSA |
5% |
SAR 1 billion |
*Note:
Some of the main subsidiaries listed above also have subsidiary companies or affiliates in the Middle East, North Africa and Central Asia. The details of their performance and the Group's ownership percentage in each entity are detailed in the annual report published in this website.
On the human resources side, The Group was honored for employing more than 5,500 Saudi nationals in its total workforce, taking the percentage of Saudization to 40% in The Group's total workforce in KSA, which exceeds 14,000 employees. Furthermore, the majority of top management personnel are Saudi nationals, the total workforce of the Group (inside KSA & overseas reach 18,500 employees), on the other hand it has around 160,000 shareholders and ranked number 13 among the top 100 Saudi Companies in 2011 as per (Al-Eqtisadiah Newspaper Report).
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