Savola Retail is one of Savola’s two main entities. It is responsible for the group’s managed investments in the retail sector and makes a considerable contribution to our overall profits. In 2019, Panda Retail Company recorded a revenue of SAR 12 billion.
Savola’s profits in the retail sector are currently generated exclusively through the Panda Retail Company – Saudi Arabia’s leading grocery store chain. Panda operates a large number of grocery stores in three formats (hypermarket, supermarket ), with over 106+ sales transaction in 42 cities.
Savola has come a long way in the retail sector and has laid the foundations for strong future development. We are confident that Panda’s strong performance in Saudi Arabia can be replicated in other nations of the MENAT (Middle East, North Africa and Turkey) region, ensuring a bright future for Savola Retail as a whole.
At present, Savola is in a phase of rapid growth and development in the retail sector. For example, In 2019, Panda Retail Company recorded a revenue of SAR 12 billion. We are proud of the way our retail business is expanding, and that is why we have developed a clear roadmap that will help us continue to grow at the same pace in the coming years.
Panda Retail Company
Panda is a grocery store chain known and loved by 106 million customers in Saudi Arabia and Egypt. With a history dating back to 1978, it is a leading player in the retail sector. Panda Retail Company is operated under Savola Retail: one of Savola’s main entities.
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