Venture Capital & Other Investments

Venture capital investment

• Investment in Munch Box

  In line with Savola Foods’ growth strategy, a subsidiary of Savola Group, we invested in Munchbox, to target high growth, youth focused markets. Established in 2014, Munchbox is a healthy snack manufacturer with a strong presence in the snack market in the UAE and accelerating growth in Saudi Arabia is part of our growth plan for the brand.

• Investment in Caper

  Savola Group invested SAR 18.8 million in Caper AI, a leader in smart cart and smart checkout technology that works to create a unified online and in-store commerce solution for retailers. Following our investment, in July, Caper was acquired by Instacart, a global eCommerce player.

Other investments

Aside from our managed investments in the food and retail sectors, we also pursue capital growth through our portfolio of non-managed investments.

• Private equity investments

  We are also currently invested in Swicorp (15%), Swicorp Joussour Fund (15%) and Intaj Capital Limited Fund (49%) among others.

• Non-managed investments

  The Non-managed investments are an essential part of our business strategy because they enable us to generate profits and diversify our risks. Here is a summary of some of our non-managed investments:

  
  
  

  Sl.#	Company name	Country of Incorporation	Core activities	Country presence	Ownership (Direct& indirect)	Capital As per Nominal Share Value
  1	Almarai Company	KSA	Fresh Food products	KSA	34.5%	SAR 10 billion
  2	Herfy Food Services Company	KSA	Foods and fast food restaurants	KSA and some GCC countries	49%	SAR 646 million
  3	Good Food Company owns 51% of Alkabeer holding	KSA	Frozen food	KSA and some GCC countries	100%	SAR 10 Million
  4	Kinan International Real Estate Development Company	KSA	Real Estate Development	KSA	29.9%	SAR 1.2 billion