Savola Group (SAVOLA GROUP) News - Mubasher Info
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01 April 06:36 PM

Savola Group (2050)

Last update: 03:13 PM market time.
27.02
0.42
1.58%
Open 26.60
Previous Close 26.60
High 27.20
Low 26.60
Stock Statistics
Volume 805,895
Turnover 21,736,912.48
All data are 15 minutes late during market session

News

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 …
Trading Activities
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, …
Financial Results
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 …
Financial Results
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 …
Financial Results
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 …
Financial Results
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 …
Mergers and Acquisitions
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, …
Sector Reports
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 …
Financial Results
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 …
Financial Results
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 …
Cash Dividends
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 …
Board of Directors
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 …
Corporate Actions
Fayez’s resignation is effective 8 February 2018
14 November 2017 06:52 PM Savola CEO steps down
Riyadh – Mubasher: Savola Group on Tuesday announced that its board has approved the CEO’s resignation. CEO Rayan bin Mohammed Fayez submitted his resignation from the company have received another job offer. Fayez’s resignation is effective 8 …
Company News
Net profits rose to SAR 829 million in Q3-17, from SAR 179.5 million in Q3-16, according to a bourse filing
6 November 2017 00:08 PM Savola’s profits hit SAR 829m in Q3
Riyadh – Mubasher: Savola Group’s net profits soared 361.8% year-on-year in the third quarter of 2017. Net profits surged to SAR 829 million in Q3-17, from SAR 179.5 million in Q3-16, according to a statement to the Saudi Stock Exchange (Tadawul). …
Financial Results
Savola names Hamooh as new CEO
12 October 2017 02:16 PM Savola names Hamooh as new CEO
Riyadh – Mubasher: Savola Group’s board of directors on Thursday approved to appoint Bander Talaat Hamooh as the new CEO of its 91% subsidiary Panda Retail Co, effective 15 October. Nominating Hamooh was based on the recommendation of the …
Board of Directors
Saudi Arabia-based Savola Group on Tuesday said that there are no important developments regarding purchasing Sanabel Al-Salam
3 October 2017 02:02 PM Savola says no developments regarding buying Sanabel Al-Salam
Riyadh – Mubasher: Saudi Arabia-based Savola Group on Tuesday said that there are no important developments regarding purchasing Sanabel Al-Salam. Savola is still studying the opportunities of selling, acquiring, or related investments to enhance …
Company News
Savola in talks to buy Sanabel Al-Salam at SAR 1.13bn
2 October 2017 06:49 PM Savola in talks to buy Sanabel Al-Salam at SAR 1.13bn
Riyadh – Mubasher: Saudi Arabia-based Savola Group on Monday said it is holding discussions with Sanabel Al-Salam, the producer of sweets and confectionery to buy the firm at a value of SAR 1.13 billion ($300 million), sources reported. Savola …
Companies Investments
Saudi Savola to expand, pump new investments in Egypt – Minister
1 October 2017 06:19 PM Saudi Savola to expand, pump new investments in Egypt
Cairo – Mubasher: Egypt’s Minister of Trade and Industry Tarek Kabil and and the Minister of Supply & Internal Trading Ali Moselhi on Sunday discussed with Savola Group starting new investments and expand in the existing projects in Egypt. Savola …
Companies Investments
Savola to see SAR 694m profits in Q3 after Al Marai selling
18 September 2017 10:08 AM Savola to see SAR 694m profits in Q3 after Al Marai selling
Riyadh – Mubasher: Savola Group on Monday completed all the special negotiated transactions to sell part of its stake in Al Marai, to achieve SAR 694.1 million ($185 million) profits that will appear in Savola’s financial statements for the third …
Companies Investments
Savola to sell 2% of its stake in Al Marai
13 September 2017 11:10 AM Savola to sell 2% of its stake in Al Marai
Riyadh – Mubasher: Savola Group completed on Tuesday, 12 September the bookbuilding process to sell 16 million shares of its stake in Al Marai, representing 2% of capital, at SAR 70 per share, at SAR 1.12 billion ($300 million). The selling …
Company News
Albilad Capital on Monday forecasted that Savola Group will achieve SAR 461 million profits during 2017, against losses of SAR 451 million during 2016
21 August 2017 03:50 PM Savola to turn to profits in 2017 – Albilad Capital
Riyadh – Mubasher: Albilad Capital on Monday forecast that Savola Group will achieve SAR 461 million in profits during 2017, against losses of SAR 451 million during 2016, according to a report. Revenues are expected to decrease 2.2% reaching SAR …
Company News
The research firm also maintained its Neutral rating
8 August 2017 10:49 PM Al Rajhi Capital raises Savola’s TP to SAR40.8/shr
Riyadh - Mubasher: Al Rajhi Capital Research has revised its target price (TP) for Savola Group to SAR 40.8 per share, up from SAR 39.4, and maintained their “Neutral” rating, according to a recent report. “Our target price implies 8.9% downside …
Stock Evaluations
Net sales decreased by 5.6% to SAR 6.7 billion in Q2-17
8 August 2017 10:34 AM Savola Q2 profits slide 9.55%
Riyadh – Mubasher: The Savola Group recorded a drop of 9.55% in profits during the second quarter of 2017 compared to the same period a year ago. Net earnings shrank to SAR 229.3 million in Q2-17 from SAR 253.5 million in Q2-16, according to a …
Financial Results
Almarai profits to rise 5%, Savola to drop 15% in Q2 - Al Rajhi
5 July 2017 05:31 PM Almarai profits to rise 5%, Savola to drop 15% in Q2 - Al Rajhi
Riyadh – Mubasher: Al Rajhi Capital expects the profits of Almarai to increase in the second quarter of 2017 due to the strong performance of its departments in Ramadan, while Savola Group, Herfy Food Services Co, and Saudi Airline Catering Co are …
Financial Results
(Photo Credit: Arabianeye-Reuters)
11 May 2017 00:34 PM Savola profits fall 96% in Q1 on lower sales, high zakat
Riyadh – Mubasher: Savola Group on Thursday reported that its profits plunged by 95.98% in the first quarter of 2017, compared to Q1-16. Profits amounted to SAR 4.8 million in Q1-17, compared to SAR 119.4 million in Q1-16, according to a filing to …
Financial Results