At Savola, we know how to turn expertise into profits and growth through flawless governance. It is what we have been doing since 1979. We believe that good governance is the foundation on which we build our future success. Our passion for specialist knowledge is the reason we focus our strategic investments on just two core sectors: food and retail. It is also the rationale behind controlling our managed investments through two dedicated companies led by experts in their respective fields. In addition to managed investments, our portfolio includes strategic minority stakes in carefully selected companies.
Savola Foods has come a long way over its history of almost four decades. Having initially offered just edible oil and ghee, the company now manages a wide range of market-leading brands in 30 countries. With household names such as Afia, Shams and Italiano, these brands are loved by consumers and sought out by investors. We never rest easy, though, which is why Savola Foods is currently expanding into new markets and higher-value product categories.
Savola Retail operates Panda – a major regional grocery store chain – which used to operates under two brands when Savola group acquired it in 1998 . As of 2016, there is only one brand Panda operates in three different formats including hypermarkets, supermarkets and convenience stores with total number of stores of 498 . These are mainly located in the Kingdom of Saudi Arabia,in addition to its regional expansion in Egypt and UAE.
At Savola, we rely on our unique market knowledge and insight to invest in companies that complement our existing portfolio of assets. The stakes we hold in businesses within our core sectors, such as Almarai (36.52%) and Herfy (49%), help to cement our industry-specific knowledge and generate higher profits. We also leverage our investment expertise through holdings in non-core sectors. One example of this is our presence in the real estate sector through companies such as Kinan International Company for Real Estate Development (in which we own a 29.9% stake), Knowledge Economic City (11.5%) and Dar Altamlik. We also hold a 15% stake in financial services company Swicorp and the Swicorp Joussour Fund, as well as a 49% stake in Intaj Capital Limited Fund.
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