Savola Group, history, company profile (overview) and corporate video
The Savola Group (مجموعة صافولا) is an investment holding group headquartered in Jeddah, Saudi Arabia.
OPERATIONS
Through Savola Foods and Savola Retail, the Savola Group operates Panda grocery stores and produces everyday household staples distributed in over 50 countries.
Aside from its managed investments in the food and retail sectors, the group also has a portfolio of non-managed investments.
Some of the largest Savola investments are Almarai, Herfy Food Services Company and Kinan International Company for Real Estate Development.
HISTORY
Savola was founded in 1979 in the Kingdom of Saudi Arabia.
Savola was founded in 1979 in the Kingdom of Saudi Arabia as a small-scale company importing and refining vegetable oil for sale on the local market.
In 1994, the company entered the sugar market by investing in its first refinery.
In 1998, Savola entered the retail sector by acquiring the Azizia Panda United group of stores.
In 2018, the Group purchased a controlling stake in Al Kabeer.
In 2021, Savola acquired Bayara Holding Limited.
FOOD BRANDS
- Zaaki
- Yudum
- Shams
- Sabah
- Al Tayeb
- Rawabi
- Al Osra
- Afia
- El Maleka
- Ganna
- Italiano
- Al Arabi
- Bayara
With more than 35,000 employees, the Savola Group is considered one of the largest investment holding groups in the food and retail sectors across the MENA (Middle East, North Africa) region. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and https://www.savola.com/en.
**Video published on YouTube by “SAVOLA Group- مجموعة صافولا“
