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Savola Group (2050)

Last update: 03:13 PM market time.
42.95
0.85
2.02%
Open 42.10
Previous Close 42.10
High 42.95
Low 41.80
Stock Statistics
Volume 1,410,887
Turnover 59,622,647.35
All data are 15 minutes late during market session

News

Savola’s profits increased by 25.8% on a quarterly basis
30 April 01:17 PM Savola Group’s earnings skyrocket to SAR 173m in Q1-20
Riyadh – Mubasher: Savola Group achieved SAR 172.8 million worth of net earnings in the first quarter (Q1) of 2020, significantly up by 2,643% from SAR 6.3 million in Q1-19. The positive results are owed to higher sales and profit margins in the …
The distributions will be paid to shareholders on 20 May
30 April 01:11 PM Savola Group approves FY19 dividends; buys back 700K shares
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Savola Group has approved the propose dividend distribution of SAR 160.2 million or SAR 0.3 per share for fiscal year (FY) 2019. The dividends will be distributed to the equity holders …
Savola achieved profits due to higher sales and margins
18 March 11:27 AM Savola Group posts SAR 475.6m in 2019 profits
Riyadh – Mubasher: Savola Group has reported SAR 475.6 million in net profit last year, versus losses of SAR 520.4 million for 2018, as shown by the annual financial results for 2019. This resulted from a substantially enhanced performance with …
Savola recorded a SAR 475.6 million profit last year
29 January 05:30 PM Savola turns profitable in 2019; plans SAR 0.3/shr dividends
Riyadh – Mubasher: Savola Group on Wednesday announced the interim financial results for the 12-month period ended on 31 December 2019. Savola achieved a net profit after Zakat and tax of SAR 475.6 million last year, versus losses of SAR 520.4 …
Photo Archive
20 November 2019 00:14 PM Savola tops Tadawul-listed firms turning profitable in Q3
By: Thabet Shehata Riyadh – Mubasher: The financial statements for the third quarter (Q3) of 2019 showed that 25 companies listed on the Saudi Stock Exchange (Tadawul) turned to profits between June and September, achieving SAR 711 million, …
Profit of the period leapt by 101.27% QoQ
28 October 2019 05:09 PM Savola Group turns to profit in Q3-19
Riyadh – Mubasher: The financial statements of Savola Group showed a turn to profit at a value of SAR 221.8 million during the third quarter of 2019, versus a loss worth SAR 51 million a year earlier. On a quarterly basis, profits of the period …
The company faces structural headwinds
28 August 2019 09:38 PM Al Rajhi Capital sets TP of Savola at SAR 30
Riyadh – Mubasher: Al Rajhi Capital has set the target price of the Tadawul-listed company Savola Group at SAR 30, with a ‘Neutral’ recommendation. The research firm based its decision on Savola’s loss of market share and the closure of some of …
Net profits plunged by 21.6% to SAR 110.2 million in Q2-19
20 August 2019 04:17 PM Savola logs SAR 117m profits in 6M
Riyadh – Mubasher: Savola Group reported its interim financial results for the second quarter of 2019. Net profits after zakat and tax plunged by 21.6% to SAR 110.2 million in Q2-19, compared to SAR 140.7 million in Q2-18, according to the …
The offering was oversubscribed by over 1.6x
9 July 2019 09:46 PM Savola Group issues SAR 1bn sukuk
Riyadh – Mubasher: Savola Group on Tuesday announced that it had raised SAR 1 billion ($267 million) in sukuk, according to Reuters. Arranged by HSBC’s Saudi unit, the sukuk sales offered investors a profit rate equivalent to 160 basis points over …
Savola has appointed HSBC Saudi Arabia to manage the offering
18 June 2019 04:42 PM Savola to start offering its 1st issuance of sukuk
Riyadh – Mubasher: Savola Group will start offering its first sukuk issuance under the Sukuk Program on Wednesday, 19 June. Ending on 31 August, the sukuk are offered by way of a private placement, according to a filing to the Saudi Stock Exchange …
MSCI Inc said the stocks of 30 Saudi firms will be added
14 May 2019 09:59 AM MSCI adds 30 Saudi companies to EM Index
Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for …
The company will issue domestic sukuk worth SAR 5.3 billion
9 May 2019 11:01 AM Savola to launch SAR-denominated sukuk programme
Riyadh – Mubasher: The Savola Group Company (Savola) plans to establish a Sukuk Programme and issue sukuk thereunder either directly or through launching a special purpose vehicle (SPV). The SPV will be established inside or outside of Saudi …
Sales grew 5.5% YoY
8 May 2019 10:10 PM Savola Group turns to profit in Q1 on sales
Riyadh – Mubasher: Savola Group turned to profit during the first quarter of 2019, reporting SAR 6.3 million ($1.68 million) in profit. The Tadawul-listed company attributed its profit to the increase in sales and the decline in its stake in the …
SABIC’s stock topped the private transactions in terms of value, with a SAR 36.7m deal
8 May 2019 00:33 PM Tadawul sees 15 private transactions worth SAR 150m
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Wednesday witnessed 15 private transactions on a number of blue-chip stocks with a total value worth SAR 15 million. Saudi Basic Industries Corporation’s (SABIC) stock topped these private …
The Saudi food firm’s net losses after calculating Zakat and Tax reached SAR 520.4 million in 2018
19 March 2019 03:55 PM Savola incurs SAR 520m loss in 2018
Riyadh – Mubasher: Savola Group on Tuesday reported turning to loss in 2018, against generating profits in the year before. The Saudi food firm’s net losses after calculating Zakat and Tax reached SAR 520.4 million ($138.74 million) last year, …
Revenues slid 6.9% to SAR 5.21 billion in Q3-18
6 November 2018 04:32 PM Savola incurs SAR 51m loss in 3M on lower sales
Riyadh – Mubasher: Saudi Arabia-based Savola Group on Tuesday announced turning to loss during the third quarter of 2018, against generating profit in the year-ago period. Savola’s net losses after calculating Zakat and Tax amounted to SAR 50.7 …
Lower sales weigh on Savola’s profits in Q2, H1
6 August 2018 05:17 PM Lower sales weigh on Savola’s profits in Q2, H1
Riyadh – Mubasher: Savola Group on Monday reported a 38.68% year-on-year drop in net profits for the second quarter of 2018, reaching SAR 140.6 million ($37.48 million), compared to SAR 229.3 million ($61.13 million). Quarter-on-quarter, Savola …
The firm attributed the negative turn in its financials to a drop in total profits
9 May 2018 05:11 PM Saudi Savola suffers SAR 84.3m loss in Q1
Riyadh – Mubasher: Saudi Arabia-based Savola Group on Wednesday said that it turned to loss in the first quarter of 2018, against posting profits in the year-ago period. Saudi Arabia's largest food products firm incurred a loss of SAR 84.3 million …
The deal will be concluded within six months
6 May 2018 04:57 PM Savola Group to acquire SAR 565.5m stake in UAE’s Al Kabeer Group
Riyadh – Mubasher: Saudi Arabia-based Savola Group has announced the acquisition of 51% stake of the Dubai-based Al Kabeer Group in consideration of SAR 565.5 million ($150.95 million). The deal will be concluded within six months as of the date …
Eleven firms logged SAR 476.16 million in profits during Q4-17
4 April 2018 03:34 PM Saudi food firms’ profit grows in Q4; Almarai tops peers
By: Thabet Shehata Riyadh – Mubasher: Food companies listed on the Saudi Stock Exchange (Tadawul) posted a 236% year-on-year jump in their profits during the fourth quarter of 2017. Eleven firms logged SAR 476.16 million in profits during Q4-17, …
Operating profits increased by 69.19% to SAR 799.6 million in FY17
26 March 2018 05:03 PM Savola Group FY17 financials turn profitable
Riyadh – Mubasher: Savola Group achieved a net profit of SAR 1,025 million during fiscal year 2017 against a loss of SAR 363.3 million in the previous fiscal year, according to a bourse statement on Monday. The Tadawul-listed company achieved an …
Savola Group turned a profit of SAR 1.026 billion in 2017
12 February 2018 01:01 PM Savola logs SAR 1bn profits in 2017
Riyadh – Mubasher: Savola Group announced turning a profit in the full year 2017 with SAR 1.026 billion against losses of SAR 363.3 million in 2016. Gross profits for 2017 amounted to SAR 4.386 billion, down 6.77% year-on-year from SAR 4.704 …
8 February 2018 10:50 AM Savola Group to pay SAR 1/shr dividends for 2017
Riyadh – Mubasher: The board of Savola Group approved the distribution of cash dividends for the year 2017. The board recommended the distribution of 10% of the group's capital or SAR 1 per share, according to the company’s statement on the Saudi …
Moumina's appointment was based on Savola remuneration and nomination committee's recommendation.
31 January 2018 11:38 AM Saudi Savola names Moumina as new CEO
Riyadh – Mubasher: Savola Group’s board of directors has approved appointing Anees Ahmed Moumina as new CEO, effective 1 April. Moumina's appointment was based on Savola remuneration and nomination committee's recommendation. Savola also approved …
Saudi Savola eyes more expansions in Egypt
14 January 2018 01:27 PM Saudi Savola eyes more expansions into Egypt
Riyadh – Mubasher: Savola Group revealed its plans to increase its investments in Egypt during the coming period, backed by a growth in demand for its products. Savola aims to expand its investments into Egypt to EGP 28 billion in manufacturing …