Savola Group – Top 100 Listed Companies 2023- Forbes Lists – Forbes Middle East
- Date: 16-Jun-2023
- Source: Forbes
- Sector:Agriculture
- Country:Saudi Arabia
Savola Group – Top 100 Listed Companies 2023- Forbes Lists – Forbes Middle East
Group CEO: Waleed Khalid Fatani
Market Value: $4.5 billion
Established in 1979, Savola Group operates in food and retail. It’s retail chain Panda has 187 retail outlets, 182 in Saudi Arabia and five in Egypt. The company has a presence in nearly 50 countries. Savola owns 34.52% of Almarai, 49% of Herfy Foods Services Co., and 29.99% of Kinan International for Real Estate Development Co. In 2022, it sold its stakes in Knowledge Economic City Company and Knowledge Economic City Developers Company Limited to Taiba Investment Company for $122.4 million.