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| | About the Savola Group |
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The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in MENACA region (Middle East, North Africa and Central Asia) managing a wide portfolio of businesses. The company was established in 1979 with an initial SR 40 Million Capital & grew significantly in subsequent years to SR 5 Billion. It is now one of the most successful and fastest growing multinational food groups in the Gulf and the Middle East Region, North African and Central Asian countries (MENACA), and has a wide portfolio of businesses including three core sectors (Foods comprises of Edible Oils, Sugar and Noodles/Pasta, Retail and Plastics. The Group also has significant investments in leading publicly-listed Saudi companies, investment funds and real-estate businesses.
Savola currently has market shares of 62% of the Edible Oils market and 68% of the Sugar market in the Kingdom as well as 166 Retail outlets Supermarkets/Hypermarkets).
On the human resources side, The Group was honored for employing more than 5,000 Saudi nationals in its total workforce, taking the percentage of Saudization to 35% 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 17,000 employees), on the other hand it has around 160,000 shareholders and ranked number 12 among the top 100 Saudi Companies in 2009 as per (Al-Eqtisadiah Newspaper Report).
Savola's Investments
Savola has major investment in Al Marai Dairy Company (30%), Herfy Foods Company (47%), Jordanian Tameer Company (5%), Founding Shareholder of Knowledge Economic City in Madinah and Founding Shareholder of King Abdullah Economic City in Rabigh, Saudi Arabia.
Performance , 2011
- Revenues for 2011amounted to SR 25.2 billion, an increase of 19.8% over last year.
- The consolidated net income for 2011 amounted to SR 1.2 billion, an increase of 35.6% compared with last year's SR 886.7 million.
Savola & the Community
Savola is a pioneer in the region in the areas of Corporate Social Responsibility (CSR), corporate Governance and Ethics & Values. More information on these initiatives is available in the relevant sections of this website.
We welcome you to our website.
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