- CEO
- Sameh Mahmoud Hassan
- Full Time Employees
- 15,299
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Savola Tower Jeddah MC Saudi Arabia 23511-7333
- IPO Date
- Jan 10, 1999
- Business
- Savola Group Company (2050.SR), a strategic investment holding group focused on the food and retail sectors, produces, markets, and distributes a wide range of consumer food products; edible oils (including brands such as Afia and al-Arabi), vegetable ghee, sugar (al-Osra), pasta (al-Maleka), bakery products, specialty fats, seafood, confectionery, frozen foods (Al Kabeer Group), nuts, spices, snacks (Bayara), cooking ingredients, and pulses through its Savola Foods division; operates Panda Retail Company, one of Saudi Arabia's largest supermarket and hypermarket chains with over 187 stores; provides food services via a 49% stake in Herfy Food Services Company; and maintains investments in real estate, e-commerce, fund management, and other ventures. The company serves consumer markets across the Middle East, North Africa, Turkey, and over 50 countries worldwide, with operations segmented into food processing, retail, food services, frozen food, and investments. Founded in 1979 and headquartered in Jeddah, Saudi Arabia, Savola Group continues to emphasize sustainable growth, corporate governance, and innovation. In recent strategic shifts, the group divests its Iranian operations for SAR 705 million to focus on high-potential markets, following exits from Morocco and Iraq; completes a SAR 6 billion rights issue, capital reduction, and distribution of its 34.52% stake in Almarai Company to shareholders; and reports H1 2025 revenue growth to SAR 13.7 billion driven by retail expansion, higher edible oil volumes, and consolidation of United Sugar Company of Egypt.