Savola Group

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Savola Group
مجموعة صافولا
Public
Founded1979
Headquarters,
Key people
Sulaiman Al-Muhaidib (chairman)
Rayan Fayez (CEO)
SubsidiariesPanda Retail Company & Savola Foods Company
Websitewww.savola.com Edit this on Wikidata

The Savola Group is a Saudi Arabian industrial company. The group’s major holdings supply Saudi Arabia, the Middle East and North Africa &Turkey n countries with edible oils, sugar, fresh dairy products, and restaurants serving fast foods. The group also owns the largest grocery retailing chain in the Middle East, Panda supermarket.

It is ranked as number 9 among top 100 companies in the Saudi Arabian market and ranked as number 2 among the industrial sector after SABIC. Savola group has recently listed its Oils and Fats division in the Saudi Stock market under the name Afia International.[citation needed]

According the Al-Waleed bin Talal, "This group was established by me and some of my allies...I'd created what you could call the 'Nestlé of the Middle East'-the Savola Group, which is a very dominant force in its field."[1]


References[edit]

  1. ^ Khan, Riz (2005). Alwaleed, Businessman Billionaire Prince. New York: HarperCollins. p. 68. ISBN 9780060850302.