Our food vertical includes investments in large branded categories across the MENA region. Savola Foods is a leader in basic branded consumer packaged goods, which it offers in more than 30 countries. We are proud to say that many of our products are market leaders in their respective categories. We continue to build on our range of established products by expanding into higher-value items and diversifying our portfolio. We also generate profits through our long-term strategic investments. We are the largest shareholder in the Middle East’s leading food manufacturer and distributor, Almarai, with a 34.52% stake in the business, and in 2018 acquired a majority stake in Al Kabeer Group of Companies, one of the region’s leaders in frozen foods manufacturing and distribution
Alongside Savola Retail, Savola Foods is one of our two flagship companies whose role is to manage our investments in our core business sectors
FINANCIAL & OVERALL PERFORMANCE
As of 2015, Savola Foods owns operations in seven countries (Saudi Arabia, Egypt, Iran, Turkey, Algeria, Morocco and Sudan), and manages a broad portfolio of B2C food brands. These are mainly household staples such as edible oil, sugar, pasta and ghee, and many of these brands are market leaders in multiple countries. Three decades of investment mean that output is higher today than ever before. Customer loyalty and market leadership saw Savola Foods achieve total sales volume including the exports 1.6 million tons of edible oil, 2.2 million tons of sugar and 279,336 tons of pasta in 2019.
We are proud of what we have achieved so far, but we are also working hard to safeguard our future growth levels. That is why we have devised a detailed roadmap to guide Savola Foods towards higher-value product categories and markets with untapped potential.
FROM SAVOLA TO THE SUPERMARKET SHELF
What does the future look like for Savola Foods? It may be in a strong position right now, but we also have a clear vision for how to ensure future expansion and growth. In the coming years, Savola plans to give more and more autonomy to both entities, Savola Foods and Savola Retail, so that they can invest in improving their product portfolios. Savola Foods will move into higher-value products and product categories. For example, in 2015 it launched a range of children’s pasta under the Italiano brand and it also entered the seafood and baked goods market. In 2015, we agreed to a $50 million partnership with Thai Union which will enable Savola Foods to bring the John West seafood brand to 12 countries.
Change is a vital part of securing growth. But there are some things that never change for Savola. While our brands may each have a unique personality and history, we take pride in making sure that they operate in accordance with our ethical principles.
SAVOLA FINANCIAL INVESTMENT IN FOOD
Savola brands may have a high profile in the region, but our investors know that this is only one part of the picture. We also use the expertise we have built up over the past four decades to invest in food-sector companies strategically. And this is why: stakes in growing companies give us greater insights into the industry and safeguard our profits by diversifying risk.
Accordingly, Savola Group own a 34.52% stake in Almarai – the world’s largest vertically integrated dairy business. This listed joint stock company offers a range of products in the fresh laban, cheese, juice, baked goods, and poultry categories, and each of these business sectors is currently enjoying rapid growth.
Also, Savola Group acquired a 51% stake in Al Kabeer Group ("Al Kabir"), one of the largest frozen food manufacturers in the region and its distributors in the last quarter of 2018
Feel free to contact us any time!