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Savola switches to Fri-Sat weekendLeading Saudi Arabia-based food conglomerate Savola Group has announced plans to shift its weekend from Thursday-Friday to Friday-Saturday starting from the second half of 2013. More… |
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Savola switches to Fri-Sat weekendLeading Saudi Arabia-based food conglomerate Savola Group has announced plans to shift its weekend from Thursday-Friday to Friday-Saturday starting from the second half of 2013. More… |
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Savola backs children’s rehabilitation centreThe Savola Group signed an agreement with the Children’s Ability Programs (CAP) in Jeddah to support the rehabilitation for 10 children with disabilities at an average of 11-12 sessions for each child. The agreement comes as More… |
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Savola Q4 net profit plunges 17pcSavola Group, the Saudi-based food conglomerate, made a net profit of SR413.4 million ($110.2 million) in the three months ending December 31, marking a drop of 17 per cent drop in fourth-quarter. The firm, which owns the Middle E More… |
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Savola to price $400m debut sukukSaudi-based Savola Group is set to close a SR1.5 billion ($400 million) Islamic bond issue on Monday, two sources said, the company's debut sukuk and the first local currency debt offering in Saudi Arabia of 2013. The food con More… |
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Savola mobility project almost completeThe Savola Group has announced the completion of 90 per cent of its Universal Accessibility Project, an initiative that covers all of its operating companies. Launched last January and expected to be completed by e More… |
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Savola seeks shareholder nod for sukuk planSaudi-based Savola Group will seek shareholder approval for plans to issue Islamic bonds, or sukuk, the company said in a statement to the kingdom's bourse on Monday. The firm, which owns th More… |
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Savola Q3 profit up 32pc on higher salesSaudi Savola Group posted a 31.6 per cent rise in its third-quarter net profit on the back of higher sales and market share, it said in a bourse statement on Tuesday, comfortably beating analyst forecasts. The firm, which owns the More… |
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Saudi Savola Q1 net profit up 47pcSaudi food and drink manufacturer Savola Group recorded a 46.7 percent first-quarter net profit rise, beating forecasts. The firm reported earnings of 242.2 million riyals ($64.6 million), up from 165.2 milli More… |
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Savola Group profits soar 35pc to $320 millionSaudi Arabia’s The Savola Group has achieved a consolidated net income of SR1.2 billion ($320 million) for the year 2011, an increase of 35.6 per cent compared to the previous year’s SR886.7 million. The earnings per share (EPS) was S More… |
