In addition to our managed investments in the food and retail sectors, we also pursue capital growth through our portfolio of non-managed investments. The largest contributors to Savola –net income was Almarai (in which we own a 34.52% stake). In addition, our investments in Herfy Food Services Company (49%) and Kinan International Company for Real Estate Development (29.9%) have also impacted our net income positively.
Almarai is a listed joint stock company with outstanding performance in food sector.
In 2019, Almarai achieved revenues of SAR 14,351 million for the year and net profit of SAR 1,812 million.
Herfy Food Services Company
Herfy Food Services Company operates a chain of fast food restaurants in Saudi Arabia and neighboring countries.
In 2019, Herfy recorded sales of SAR 1,288 million, a 5% increase over 2018. Net profit of SAR 196 million.
Sustained growth and yields are expected, due to the company’s market position as a leader in convenience, menu options, and value.
Kinan International Company for Real Estate Development
Our 29.9% stake in Kinan is one of a number of real estate investments. We believe that diversifying our portfolio is a crucial tool for managing risk in an uncertain market context.
Private equity investments
We are also currently invested in Swicorp (15%), Swicorp Joussour Fund (15%) and Intaj Capital Limited Fund (49%) among others.
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