Friday 19 December 2014
 
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Savola

Savola, Takween extend talks over plastics unit sale

Savola Group, Saudi Arabia's largest food products firm, has agreed a seven-week extension to talks with Takween Advanced Industries over the sale of its plastics business, both companies said. Savola said in July it had enter

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Savola to pay $0.2 per share dividend for Q3

Saudi Arabia's Savola Group said it would distribute a third-quarter dividend of SR0.75 ($0.2) per share. The dividend was split between a SR0.5 a share ordinary dividend and a SR0.25 a share exceptional dividend after the com

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Savola Q3 net profit jumps by 53pc

Savola Group, Saudi Arabia's largest food products company, reported a 53.3 per cent rise in third quarter net profits on Thursday, beating analyst forecasts. Net profit in the three months to September 30 was SR701.4 million

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Bidders line up for Kuwait's Americana

Up to three bidders could submit offers to buy a majority stake in Kuwait Food Company (Americana) ahead of a deadline for second-round bids in mid-October, sources aware of the matter told Reuters. One of the bidders, Savola Grou

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JP Morgan to advise Savola on Americana stake buy

Saudi Arabia's Savola Group has appointed JP Morgan to advise on its potential purchase of a stake in Kuwait Food Co (Americana), the Jeddah-based firm said. Savola previously said in August it had held preliminary talks with

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola confirms talks with Americana shareholder

Major Saudi Arabian food producer Savola Group said on Tuesday it had conducted preliminary talks with one of the largest shareholders in Kuwait Food Co (Americana) on a potential purchase of that shareholder's stake. Savola s

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Americana says no knowledge of Savola talks

Kuwait Food Company (Americana) said on Monday that it had no knowledge of any talks with Saudi Arabia's Savola Group on a possible acquisition of Americana. "The board and executive administration deny knowledge of any n

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Savola starts talks on acquiring Kuwait's Americana

Major Saudi food producer Savola Group said on Wednesday it had begun preliminary talks on a potential acquisition of Kuwait Food Company (Americana) , one of the Middle East's largest food companies. Savola has attended an in

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