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. For example, Savola Foods produced 2.09 million tons of edible oil and 2.25 million tons of sugar in 2015. Customer loyalty and market leadership saw Savola Foods achieve sales volume of 4.03 million tons and net income of SAR 687 million for that year.
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.
MORE THAN 200 INVESTMENTS
Savola Foods is the company we trust to produce and market our brands and products in approximately 30 countries of the MENAT (Middle East, North Africa and Turkey) region.
Our investors know that no business succeeds without defining a clear strategy to secure future growth. And it goes without saying that we have done just that. Our long-term goal is to give greater autonomy to the Savola Foods company so that it can invest in marketing, branding and in improving its range. With that in mind, we have developed a strategy with four key elements: defend, extend, build and incubate.
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