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Panda Retail Company

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Panda United Company
Company typeNational Retailers
ProductsRetail - Hypermarket
Number of employees
18,000[2014, 2nd qtr]
Websitepanda.com.sa

Panda United Company (APU) is a Saudi Arabian grocery retailing company. PU is one of The Savola Group’s subsidiaries. The Savola Group is ranked ninth amongst the top 100 companies in the Saudi Arabian market and ranked second amongst the industrial sector after SABIC. The Savola Group has recently listed its Oils and Fats division in the Saudi Stock market under the name Afia International.

History

1

October 1998:Panda United company has been acquired by Savola Group.[1]

September 2003: Azizia Panda United company makes it to the Guinness Book by launching the biggest pyramid-shaped box with Tide.[2]

March 2006: Azizia Panda United opens its fifth hypermarket in the Kingdom of Saudi Arabia.[3]

April 2006: United Azizia Panda opens its first outlet outside the kingdom of Saudi Arabia with an investment of AED 50 million (US$ 13.6 million). The outlet is located in Dubai’s Festival City.[4]

December 2007: United Azizia Panda makes sales worth SR3.7 billion in 2007, a 35% increase from 2006.[5]

June 2008: Al Azizia Panda United acquires Giant Stores in the Kingdom of Saudi Arabia and merges it into its operations.[6]

March 2009: Azizia Panda unveils the biggest bottle of shampoo in the world with 4,000 liters content of "Herbal Essences" and measuring 4.8m long.[7]

September 2009: Azizia Panda acquired Geant Stores, a franchise by al Hokair Group KSA through an asset purchase agreement.

July 2010: the minister of commerce and industry of the Kingdom of Saudi Arabia, Abdullah bin Ahmed Zainal Ali Reza approved the transformation of United Azizia Panda Company from a limited liability company to a closed joint stock company.[8]

References

  1. ^ Bloomberg Business week.
  2. ^ Azizia Panda sets new mark for Guinness Book of World Records .
  3. ^ Azizia Panda Savola to open its fifth hypermarket.
  4. ^ Savola unveils Dubai hypermarket plan.
  5. ^ Azizia Panda Logs SR3.7bn in Sales.
  6. ^ Azizia Panda sets new mark for Guinness Book of World Records .
  7. ^ Al Azizia Panda wins the spin on biggest shampoo bottle.
  8. ^ Aziziah Panda Transformed Into Closed Joint Stock Company
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