Saturday 25 November 2017
 
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Savola

Savola's retail unit Panda names new CEO

Savola Group, one of Saudi Arabia's leading retail and food holding companies, has appointed Bander Talaat Hamooh as the new chief executive officer (CEO) for its retail unit Panda effective October 15. Panda, 91 per cent owned by S

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Savola in $300m deal to buy Saudi confectionery

Savola Group, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters.    The confecti

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Savola in $300m deal to buy Saudi confectionery

Savola Group, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters.    The confecti

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Three Mideast retailers among international top 250

The Middle East remains an attractive destination for retailers, with Emke Group/Lulu Group International, Majid Al Futtaim Holding and Savola Group ranking among the 250 largest retailers in the world, a report said. “Toget

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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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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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