Financial Investments
Savola Retail
Panda, our flagship brand in the retail sector and the leader by market share, continued to focus on its turnaround progress. The past year saw the implementation of significant reforms of Panda’s operations and organizational structure under its new senior management team in order to build a strong base for future profitable growth and to future-proof the brand’s market position. Meanwhile, Savola’s subsidiary, Herfy, remains one of the Kingdom’s leading restaurant, industrial bakery and meat processing businesses, and continued to grow in 2018, recording higher sales and profits as a result of new restaurant openings during the year.
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