“Market Cap $982 B As of May 2014
- Industry: Food Processing
- Founded: 1978
- Country: Saudi Arabia
- CEO: Sulaiman Abdul Kader Al Muhaidib
- Website: www.savola.com
- Employees: 16,000
- Sales: $7.03 B
- Headquarters: Jeddah
- #1274 in Sales
- #1253 in Profit
- #1099 in Market value
Savola Group is engaged in food production and real estate management. It operates through the following segments: Foods, Retail, Plastic, and Investment and Other Activities. The Foods segment is involved in the manufacturing and sale of edible oils, sugar, and pasta products. The Retail segment includes hyper and super markets operations. The Plastic segment comprises of the manufacture and sale of plastic products for industrial and commercial use. The Investment and Other Activities segment is involved in real estate activities, investments in associates, available-for-sale investments, and other investments. The company was founded on January 10, 1979 and is headquartered in Jeddah, Saudi Arabia.”
“We have a clear vision of success through a balanced approach towards our corporate culture, a set of enhancing support activities and good intentions”.
Give consumers a fair price, while ensuring returns to our investors and all stakeholders. Create a satisfying work experience for all Savolans. Inspire personal responsibility and enthusiasm for opportunity.
Excel competitively by always looking for ways to create superior offers for our customers-what we call “offer advantage.” Remain responsive and agile in growing market share through our market research, in-depth analyses and 25 years of experience.
Ethics and values:
Maintain a commitment to our Savola corporate ethics while delivering value to all our stakeholders. This commitment is defined by The Balanced Way. Ensure world-class transparency in our corporate governance.
Strive to make full use of our core competencies. Enhance our “offer advantage” in basic food industries by operating in relevant support industries and maintaining an active investment portfolio. Grow a deliberate portfolio of complementary brands and production abilities.”
*Information from Forbes.com and Savola.com
**Video published on YouTube by “ iimtsvideo“