Tuesday 24 January 2017
 
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Savola

Saudi retail giant Savola swings to Q4 net loss

Savola Group, one of Saudi Arabia’s leading retail and food holding companies, has reported a net loss of SR964 million ($257 million) in the fourth quarter of 2016 compared to a net income of SR515 million ($137 million) for the same peri

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Saudi retail giant Savola swings to Q4 net loss

Savola Group, one of Saudi Arabia’s leading retail and food holding companies, has reported a net loss of SR964 million ($257 million) in the fourth quarter of 2016 compared to a net income of SR515 million ($137 million) for the same peri

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Savola launches new brand identity

Saudi Arabia-based Savola, a leading company in the food and retail sectors, has launched its new identity which reflects the company’s commitment to growth. The new logo illustrates its future objectives aimed at achieving

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Savola net profit drops 43.2pc

Saudi Arabian food maker Savola Group, the country's largest food products company, reported a 43.2 per cent fall in second-quarter net profit and cut its dividend on Thursday, citing higher operating expenses and financial charges.

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Savola Q1 profit slides

Saudi food producer Savola Group , the country's largest food products company, reported a 80.3 percent fall in first-quarter net profit on Wednesday, missing analysts' forecasts and after an exceptional gain made a year ago.

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Dentons advises EBRD on $100m Savola equity deal

Leading global law firm Dentons has advised long-standing client the European Bank for Reconstruction and Development (EBRD) on a $100-million equity investment into Egypt’s agribusiness sector. EBRD has invested into United

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Dentons advises EBRD on $100m Savola equity deal

Leading global law firm Dentons has advised long-standing client the European Bank for Reconstruction and Development (EBRD) on a $100-million equity investment into Egypt’s agribusiness sector. EBRD has invested into United

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EU bank to invest $100m in Savola Egypt unit

Saudi Arabia's largest food products company, Savola Group, said on Tuesday the European Bank for Reconstruction and Development (EBRD) will invest $100 million in one of its indirect subsidiaries in Egypt. The investment in U

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Savola Group hires JP Morgan's Fayez as CEO

Saudi Arabia's largest food products company Savola Group said it appointed JP Morgan's Rayan Mohammed Fayez as chief executive, it said in a bourse filing on Tuesday. Fayez, who was previously chief executive of JP Morgan

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Energy price hike to cost Savola $28m in 2016

Savola Group, Saudi Arabia's largest food products company, said on Tuesday that changes to energy and gas feedstock prices announced by the government will raise its costs by around 105 million riyals ($28 million) in 2016. C

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