New Laws of Commercial Registration and Trade Names take effect on Thursday    Civil Defense warns of heavy rains across Saudi Arabia until Monday    Saudi Exchange suspends trading of seven companies over financial disclosure delays    New fleet of 76 public transport buses starts operation in Jeddah on Tuesday Environmentally friendly electric buses introduced for first time    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    EU preparing 'further countermeasures' to protect its interest, von der Leyen says    Tesla sales plunge after backlash against Elon Musk    Musk's X is suing India, as Tesla and Starlink plan entry    Israel announces expansion of military operation in Gaza to seize 'large areas' of land    US cancels visa of Nobel Peace Prize winner Oscar Arias    Danish prime minister refutes US claim on Greenland on visit to the Arctic territory    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Cristiano Ronaldo joins Fatal Fury: City of the Wolves    Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Savola ranked No. 1 among Arab companies by Forbes
Published in The Saudi Gazette on 21 - 05 - 2013

Savola Group has been ranked No. 1 among the Top 500 companies (Food Industry sector) in 2012 across Arab world. This achievement has been awarded in a special glittering ceremony last week in Abu Dhabi organized by Forbes magazine under the aegis of Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Culture, Youth and Social Development, UAE.
During the ceremony, Forbes - Middle East revealed that the Savola Group topped the food industry with $374 million net profit. The event was attended by head of Saudi conglomerates with the participation of 11 companies followed by 6 companies from UAE as well as Egyptian and Kuwaiti companies The assets of the participating companies reach $9.05 billion.
The Savola Group has demonstrated outstanding performance, growth and results through the previous year. During the ceremony, Dr. Abdulraouf M. Mannaa — Managing Director of Savola Group, was honored for the records achieved by Savola. He remarked that “This remarkable achievement makes us proud in the Savola Group and all of its operational companies; this achievement clearly reflects all the sincere efforts made by all Savolans to maintain our entrepreneurship.”
The Savola Group is a Saudi public listed company. It operates in more than 9 countries in MENACA region (Middle East, North Africa and Central Asia); in which it has a wide portfolio of businesses including three core sectors; Foods comprises of Edible Oils, Sugar and Noodles/Pasta, through which it established flagship brands like Afia, Al Arabi, Rawabi Oils, Al-Osra, Ziada and Sweeva sugar. Savola also has the Retail sector, represented by Aziza Panda United Company (Hypermarkets & Supermarkets), which has established 146 stores across the Kingdom and finally the Plastics sector, which manufactured both rigid and flexible plastic products.
The total workforce has reached more than 18,500 employees. With regard to the investment portfolio, Savola has major investment in Al Marai Dairy Company (36.6%), Herfy Foods Company (49%), Kinan Real Estate Co. (29.9%) and it is a founding shareholder of Knowledge Economic City in Madinah. It also has controlling interests in a number of companies and other investment funds. — SG


Clic here to read the story from its source.