Saturday 27 December 2014
Food sector

Capacity expansions ‘to back Saudi food sector’

The long-term outlook of the Saudi food and agriculture sector remains strong with capacity expansions at major food companies Savola and Almarai aiming to capture this growth, a report said. “We remain Overweight on Savola


Savola’s Q3 profit up 9pc to reach $82m

Saudi Arabia-based Savola Group has posted a net profit of SR308 million ($82.12 million) in the third quarter of the year, marking a nine per cent growth against the same period last year, said a report. This raised the net profitability


Big challenges 'ahead for food industry'

Major challenges lie ahead for global food industry as increasing urbanisation shrinks rural labour forces and non-renewable resources become more scarce, said an expert ahead of a major food expo in Abu Dhabi. “As the world’s population i

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