Savola Group (2050)

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: Savola Foods Company, a fully owned subsidiary of Savola Group, has completed the acquisition of 100% of the UAE-based Bayara Holding Limited in exchange for $260 million (SAR 975 million). The company completed the acquisition …

Riyadh – Mubasher: Savola Group has repurchased 349,076 shares at an average price of SAR 39.89 per share, completing the first tranche of its share buyback process. The total amount of the repurchased shares stood at SAR 13.92 million, according …

Riyadh – Mubasher: Savola Group posted an annual decrease of 39% in net profits after Zakat and tax to SAR 353.8 million in the first half (H1) of 2021 from SAR 582.3 million in H1-20. Earnings per share stood at SAR 0.66 in H1-21, compared to SAR …

Riyadh – Mubasher: Savola Foods Company, a fully owned subsidiary of Savola Group, has signed a binding agreement to acquire 100% of the UAE firm Bayara Holding Limited. The transaction is valued at $260 million (SAR 975 million), which will be …

Riyadh – Mubasher: The shareholders of Savola Group have approved the board’s recommendation to distribute cash dividends at a total amount of SAR 400.5 million, which represents 7.5% of the capital, for 2020. The company will pay SAR 0.75 per …

By: Fahd Omran Riyadh – Mubasher: Savola Group ended 2020 with robust financial results on the back of strong sales in the Saudi and Egyptian markets in the first year of its 2020/2024 plan, Mohamed Badran, the CEO of Savola Foods Egypt, said. …

Riyadh – Mubasher: Savola Group’s fourth-quarter net profits totalled SAR 44.7 million, down by 67.4% on a year-on-year (YoY) basis. The decrease in Savola’s quarterly profit is attributed to lower gross profit due to slightly lower sales and …

Riyadh – Mubasher: Net earnings of eleven Tadawul-listed food companies grew by 13.8% or SAR 107.39 million on a year-on-year (YoY) basis in the third quarter (Q3) of 2020. Combined profits of the Saudi food sector netted SAR 885.81 million in the …

Riyadh – Mubasher: Savola Group achieved net profits of SAR 283.7 million during the third quarter (Q3) of 2020, up by 27.9% yearly from SAR 221.8 million in the year-ago period. The increase is earnings is attributed to a higher share of profit …