SAVOLA News & Announcements-

SAUDI STOCK EXCHANGE (TADAWUL)Trading Hours: Sun - Thu 10:00 am-3:00 pm

Savola Group SAVOLA
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Price in SAR Last Update : 21 Sep 2017 11:15 am (local time)
  • Savola sees growth opportunities after incurring loss in ’16 Jan 22, 2017 | Source : Saudi Gazette

    Savola Group, one of Saudi Arabia’s leading retail and food holding companies, reported SR25.0 billion in full year 2016 revenue as compared to SR25.1 billion in full year 2015. The lack of growth in revenue was mainly due...

  • Savola unveils new identity to reflect future aspirations Sep 07, 2016 | Source : Saudi Gazette

    Savola, the pioneer Saudi company in food and retail sectors, has recently launched its new identity in a contemporary and attractive form which reflects the company’s commitment toward reflecting its noble values in everyday behaviors within society.

    Savola Group sees recovery next year Aug 02, 2016 | Source : Saudi Gazette

    SAVOLA has delivered another quarter of below par performance due to sustained pressure in both its key segments of food (adverse currency movements and high competition) and retail (Pandati investments not yielding results, higher opex due to store...

  • Savola net profit jumps 21.6% to SR2.07b in 2014 Feb 25, 2015 | Source : Saudi Gazette

    Savola Group beats profit expectations for 2014 as announced earlier on Tadawul website by achieving a net profit of SR2.07 billion. Its Managing Director and Chief Executive Engineer Abdullah bin Mohammed Noor Rahimi  attributed the Savola Group high...

  • Savola sells its entire stake in Real Estate Project Sep 14, 2014 | Source : Saudi Press Agency

    Savola Group announced today that it signed on Thursday an agreement to sell its entire stake in Masharef real estate development project located in Jeddah to Kinan International Company for Real Estate Development owned 29.9% by Savola. The sold stake...

  • VAT impact on Saudi firms differs; urged to keep record of all business transactions Jul 27, 2017 | Source : Saudi Gazette

    Proven Saudi Arabia, the leading business support provider for the KSA, provides further insight on the implementation of VAT and the effect it will have on businesses operating within the Kingdom. It has been confirmed that a 5%...

  • Burj Rafal Hotel Kempinski Saudization policy on track Jul 27, 2017 | Source : Saudi Gazette

    BURJ Rafal Hotel Kempinski has employed 25 Saudis in the hospitality, food, beverage and housekeeping departments. Juan Uribe, General Manager of Burj Rafal Hotel Kempinski, said the general policy of the hotel is based on the investment...

  • World’s largest Radisson Blu, Park Inn set to rise in Makkah Jun 08, 2017 | Source : Saudi Gazette

    THE Carlson Rezidor Hotel Group, one of the fastest growing hotel companies in the world, is set to become one of the largest hotel operators in Makkah, Saudi Arabia with the announcement of two iconic hotels in the...

  • MENA region F&B deal value hit $3.4b May 09, 2017 | Source : Saudi Gazette

    Middle East and North Africa (MENA) region Food & Beverage sector deal value for the full year 2016 surged to over $3.4 billion, from just $402 million the previous year, Mergermarket, the leading provider of M&A data and...

  • Saudi agriculture sector witnesses major changes to meet preset objectives Apr 19, 2017 | Source : Saudi Gazette

    Driven by the new directions to develop the aquaculture, organic farming, green houses in Saudi Arabia, the agriculture sector is witnessing major changes to meet its preset objectives and achieve sustainable food security in line with Vision 2030.

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