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Home >About The Savola Group >Group Major Achievements

Group Major Achievements

  • Turnover for 2007 exceeded a record SR 10 billion, having more than doubled since 2003.
  • Net income reached SR 1.2 billion for year 2007, beating SR 1 billion mark for the third consecutive year.
  
  • The share of profits from associated and jointly-controlled investments exceeded SR 243 million during 2007.
  
  • The Group's paid up capital increased by 33% to reach SR 5 billion.
  
  • The Group achieved a capital gain of SR 709 million as a result of selling its entire stake in the Egyptian Fertilizer Company (EFC).
  
  • Cash flows generated from operating activities exceeded SR 800 million; notably achieved by efficient working capital management, despite spiraling raw material prices and record inflation.
  
  • The Group continued its commitment in applying Corporate Governance standards and regulations enacted by the CMA.
  
  • The Group acquired YUDUM, the leading consumer branded edible oil company in Turkey.
  
  • The share of profits from associated and jointly-controlled investments exceeded SR 243 million.
  
  • Growth in revenue in all sectors matched or exceeded the industry, whilst delivering strong profits and cash.
  
  • Investments during 2007 reached SR 2.8 billion.
  
  • Dividends distributed to shareholders during 2007 have reached to SR 600 Million, which is a compounded annual growth rate over of more than 58% over the last six years.
  
  • United Sugar Company is the only refinery in the Kingdom with a production capacity of 1.5 MT. In 2007, sales volume reached 1.1 million MT.
  
  • Total workforce, both inside and outside KSA, reached 12,500 approximately (9,500 in KSA and 3,000 outside). The overall Saudization percentage has reached 42%.
  
  • The Group won the Saudi Public Company Award in CSR sector, that organized by International Institute of Research (IIR), Dubai.
  
  • Panda has been selected as the "Best Retailer in KSA" by Arabian Business magazine.
  
  • Afia International Co. ranks number one in branded bottled oil worldwide.
  
  • Savola continued its Corporate Social Responsibility (CSR) programs under its long term CSR strategy by focusing in special need people training and recruitment.
   
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