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
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.
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
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
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'
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
Savola, a multinational food group based in Saudi Arabia, recorded the biggest consumer product sales in the Middle East-Africa (MEA) region during the fiscal year ending June 2014, a report said.
While Savola claimed the 111th ra
The world’s 250 largest consumer products companies generated sales of nearly $3.1 trillion in fiscal year ending June 2014, despite economic uncertainty, a report said.
This resulted in an average company size of $12.3 bill
Saudi Arabia's largest food products firm, Savola Group, posted an 11.2 per cent jump in first-quarter earnings on Sunday, but said profits in the second-quarter would be down by comparison with a year ago.
Among the few Saudi
Saudi Arabia-based Savola Group has extended its relationship with OMD Arabia, a global media network part of the Omnicom Media Group, by assigning its newly created corporate account and as well as reappointing OMD Arabia on its retail account.