Monday 2 May 2016
 
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Savola

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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Savola Q3 net profit plunges 47pc

Savola Group, Saudi Arabia's largest food products company, reported a 47 per cent fall in third-quarter net profit on Monday, missing analysts' forecasts. Net earnings in the three months to September 30 were SR371.6 mill

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Savola to book $25m Q4 gain on insurance claim

Savola Group, Saudi Arabia's largest food products company, will book a gain in the fourth quarter worth SR94 million ($25.1 million) after agreeing final terms for an insurance claim relating to a subsidiary. The claim was ma

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Savola unit signs JV deal with Thai Union Frozen

Thai Union Frozen signs JV deal with Saudi Arabia’s Savola Thai Union Frozen Products, the world's largest canned tuna maker, said on Tuesday it had signed a joint venture agreement with a subsidiary of Saudi Arabia'

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Savola Q2 profit falls 15pc, warns Q3 profit will also drop

Saudi Arabia's Savola Group reported a 15.4 per cent fall in second-quarter net profit on Tuesday, missing analyst forecasts as the food producer warned its third-quarter profit was likely to plunge. The company made a net pro

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