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The Savola Group is a Saudi public listed company and one of the largest diversified conglomerates in the Middle East, North Africa and Central Asia region – otherwise known as the MENACA region.
The company was established in 1979 with an initial SR 40m capital and grew significantly in subsequent years to SR 5bn. It is now one of the most successful and fastest growing multinational food groups in the MENACA region with a wide portfolio of businesses including three core sectors: foods, comprised of edible oils, sugar, and noodles/pasta; retail; and plastics. Savola Group also has significant investments in leading publicly-listed Saudi companies, investment funds and real-estate businesses in which it owns 36.52% of Al-Marai Fresh Dairy Company, 49% of Herfy Foods services, 29.99% of Kinan International Real Estate, 11% of the Knowledge Economy City of which it is a founding shareholder in addition to Jordanian Tameer Company (5%).
Savola currently has market shares of 62% of the edible oils market and 68% of the sugar market in the Kingdom, and operates 166 retail outlets (supermarkets or hypermarkets)., deploying a workforce of more than 16,000 employees and around 120,000 shareholders.
The Savola Group has been ranked No 1 among the Top 500 companies (Food Industry sector) in 2012 across Arab World.
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