Savola Group (2050)

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News

7 August 01:47 PM Savola Group’s profits shrink 39% in H1-25; higher revenues reported

Riyadh – Mubasher: The net profit of Savola Group amounted to SAR 294.86 million in the first half (H1) of 2025, down 39.09% year-on-year (YoY) from SAR 484.10 million, according to the financial results. Revenues soared by 11.25% to SAR 13.65 …

Financial Results

7 May 02:19 PM Savola Group logs lower profits at SAR 189m in Q1-25

Riyadh – Mubasher: Savola Group posted 45.75% lower net profits at SAR 189.16 million in the first quarter (Q1) of 2025, compared with SAR 348.71 million in Q1-24. Revenues stood at SAR 7.59 billion in the first three months (3M) of 2025, up 6.29% …

Financial Results

12 March 01:54 PM Savola Group’s net profits near SAR 10bn in 2024; dividends withheld on shareholding in Almarai

Riyadh – Mubasher: Savola Group witnessed a leap of 1,009.24% in net profit during 2024, registering SAR 9.97 billion compared to SAR 899.20 million in 2023. The annual growth in net profit last year was partially attributed to the distribution of …

Board of Directors

10 March 10:19 AM Saudi Savola Group reinforces business in Egypt via new HQ

Riyadh – Mubasher Savola Egypt, a subsidiary of Savola Group, has officially inaugurated its new headquarters (HQ) in New Cairo’s Fifth Settlement. The inauguration aligns with the Saudi group’s objectives to strengthen its position in Egypt, …

Companies Investments

1 January 04:14 PM Savola Group exits Iran’s market via SAR 705m sale agreement

Riyadh – Mubasher: Savola Foods Company, a subsidiary of Savola Group inked a SAR 705 million sale and purchase agreement on 31 December 2024, according to a bourse disclosure. The unit will sell its entire businesses in Iran, which covers …

Companies Investments

30 October 2024 05:53 PM Savola Group, Banque Saudi Fransi obtain CMA approval for capital change

Riyadh – Mubasher: The Capital Market Authority (CMA) issued a resolution, on 27 October 2024, approving Savola Group's request to reduce its capital by approximately 73.54% from SAR 11.33 billion to SAR 3 billion. The group will carry out the …

Corporate Actions

29 October 2024 11:00 AM Savola Group records decline in 9M-24 financials; profits hike in Q3

Riyadh – Mubasher: The net profits of Savola Group went down by 1.04% year-on-year (YoY) to SAR 665.12 million in the first nine months (9M) of 2024 from SAR 672.13 million. Revenues hit SAR 19.21 billion in the January-September 2024 period, …

Financial Results

7 August 2024 09:57 AM Savola Group’s profits exceed SAR 484m in H1-24; revenues decline 5%

Riyadh – Mubasher: Savola Group witnessed 7.75% lower net profits at SAR 484.10 million in the first half (H1) of 2024, versus SAR 524.80 million, according to the financial results. The Saudi group achieved revenues valued at SAR 13.15 billion in …

Financial Results

1 August 2024 10:29 AM CMA approves Savola Group’s capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the SAR 6 billion capital hike of Savola Group on 31 July 2024, according to a bourse disclosure. The company submitted the application file, on 28 April, to increase its capital …

Corporate Actions

7 May 2024 05:12 PM Savola Group registers 11% decrease in Q1-24 net profit

Riyadh – Mubasher: Savola Group posted an 11.21% decline in net profit to SAR 348.71 million during the first quarter (Q1) of 2024 compared with SAR 392.75 million in Q1-23. The earnings per share (EPS) went down to SAR 0.66 as of 31 March 2024 …

Financial Results

29 April 2024 09:50 AM Savola Group submits capital increase request to CMA

Riyadh – Mubasher: Savola Group submitted an application file to the Capital Market Authority (CMA), on 28 April 2024, to raise its capital to SAR 11.33 billion from SAR 5.33 billion. The listed group plans to increase its capital by offering …

Corporate Actions

7 February 2024 05:49 PM Savola Group’s profits rise 21% in 2023; capital raise unveiled

Riyadh – Mubasher: Savola Group logged net profits valued at SAR 899.19 million in 2023, higher by 21.06% than SAR 742.75 million in 2022. Revenues dropped by 4.32% to SAR 26.84 billion last year from SAR 28.05 billion as of 31 December 2022, …

Corporate Actions

8 November 2023 03:12 PM Savola Group posts SAR 20.25bn revenues in 9M-23; profits up

Riyadh – Mubasher: Savola Group registered an annual rise of 3.68% in net profit after Zakat and tax to SAR 672.13 million during the first nine months (9M) of 2023, compared to SAR 648.28 million. Revenues dropped by 5.55% year-on-year (YoY) to …

Financial Results

9 August 2023 10:57 AM Savola Group’s net profits near SAR 525m in H1-23

Riyadh – Mubasher: Savola Group posted net profits after Zakat and tax worth SAR 524.80 million in the first half (H1) of 2023, marking an 8.29% rise from SAR 484.60 million in H1-22. Revenues declined by 3.27% year-on-year (YoY) to SAR 13.90 …

Financial Results

11 May 2023 02:15 PM Savola Group’s profits hike 45% in Q1-23; dividends for 2022 approved

Riyadh – Mubasher: Savola Group registered SAR 392.70 million in net profit after Zakat and tax during the first quarter (Q1) of 2023, an annual jump of 44.96% from SAR 270.90 million. Revenues increased by 4.34% year-on-year (YoY) to SAR 7.81 …

Financial Results

27 March 2023 11:53 AM Savola Group announces SAR 743m profits in 2022, dividends proposal

Riyadh – Mubasher: The net profits after Zakat and tax of Savola Group hiked by 234.75% year-on-year (YoY) to SAR 742.80 million in 2022, compared to SAR 221.90 million. The Saudi firm witnessed revenue worth SAR 28.05 billion during …

Board of Directors

30 November 2022 05:26 PM Savola Group sells shares in Knowledge Economic City to Taiba Investment

Riyadh – Mubasher: Savola Group inked an agreement to sell its entire shares in Knowledge Economic City and Knowledge Economic City Developers Company Limited to Taiba Investment Company for SAR 459.26 million. The General Authority for …

Companies Investments

31 October 2022 02:21 PM Savola Group registers 36% higher profits in 9M-22 initial results

Riyadh – Mubasher: Savola Group recorded net profits after Zakat and tax worth SAR 648.30 million in the first nine months (9M) of 2022, an annual leap of 36.14% from SAR 476.20 million. Revenues amounted to SAR 21.45 billion in the …

Financial Results

24 August 2022 09:43 AM Savola Group reports SAR 485m in H1-22 profits

Riyadh - Mubasher: Savola Group registered a 36.97% year-on-year (YoY) increase in its net profit after Zakat and tax during the first half (H1) of 2022. The group’s earnings netted SAR 484.60 million in H1-22, compared to SAR 353.80 million in …

Financial Results

21 June 2022 05:00 PM Saudi Arabia's Savola records EGP 25bn operating investments in Egypt

Cairo - Mubasher: Savola Group, a Saudi investment holding group in the food and retail sectors, has announced EGP 6 billion assets in Egypt with total operating investments exceeding EGP 25 billion. The company is one of the largest regional …

Companies Investments

13 June 2022 06:28 PM Saudi Savola's unit buys Egybelg's assets

Cairo – Mubasher: Savola Foods Company, a subsidiary of the Saudi Savola Group, has inked an EGP 630 million asset purchase agreement (APA) with the Egyptian Belgian Company for Industrial Investments (Egybelg).  The agreement came in line with …

Companies Investments

18 May 2022 04:09 PM Savola Group’s shareholders approve SAR 0.20/shr dividend for 2021

Riyadh – Mubasher: The shareholders of Savola Group have agreed to distribute a cash dividend of SAR 0.20 per share, representing 2% of the share’s nominal value, for 2021. The Saudi company will pay out a total of SAR 106.80 million on 6 June …

General Assembly

16 May 2022 06:41 PM Savola Group's profits hit SAR 271m in Q1-21 initial financials

Riyadh–Mubasher: The net profits of Savola Group after Zakat and tax jumped by 76.13% to SAR 270.90 million during the first quarter (Q1) of 2022, compared to SAR 153.80 million in Q1-21. During the January-March 2022 period, the revenues surged …

Financial Results

1 February 2022 10:47 AM Savola Group's profits slip 76% in 2021; dividends proposed

Riyadh – Mubasher: The net profits after Zakat and tax Savola Group plunged by 75.64% year-on-year (YoY) to SAR 221.9 million in 2021, compared to SAR 910.8 million, according to the company's interim financials for the period ended on 31 …

Cash Dividends

27 October 2021 03:59 PM Savola Group's profit down 45% in nine months

Riyadh – Mubasher: Savola Group reported SAR 476.2 million in net profits after Zakat and tax in the first nine months of 2021, down by 45% year-on-year (YoY) from SAR 866.1 million.  Earnings per share amounted to SAR 0.89 in the …

Financial Results