Wednesday 26 November 2014
 
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Savola Group

Savola director wins Young Executive award

Tarik M Ismail, director of corporate affairs, sustainability and board secretary of the Saudi Arabia-based Savola Group recently won the "Young Executive of the Year Award" at the GCC edition of Asian Leadership Awards in Dubai, UAE.

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Savola director wins Young Executive award

Tarik M Ismail, director of corporate affairs, sustainability and board secretary of the Saudi Arabia-based Savola Group recently won the "Young Executive of the Year Award" at the GCC edition of Asian Leadership Awards in Dubai, UAE.

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Savola Group CEO wins top award

The Asia Pacific HRM Congress has awarded Dr Abdulraouf Mohammad A Mannaa, CEO and managing director of the Savola Group, a leading Saudi Arabia-based company, with the Visionary Leadership Award at its annual awards ceremony held in Bangalore,

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Savola Q1 net profit surges 21.8pc

Savola Group, the Saudi Arabia-based food conglomerate, posted a 21.8 per cent year-on-year rise in its first-quarter net profit to SR295.2 million ($78.72 million), it said on Saturday, exceeding analysts' expectations. The c

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Savola buys strategic stake in subsidiaries

The Savola Group, the leading Saudi Arabia-based food conglomerate, has entered into a deal with Dammam-based Al-Muhaidib Holding Company, a key player in the kingdom's food distribution sector, to acquire a 10 per cent stake in its subsidia

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Savola approves $186m cash dividends

Savola Group, the Saudi Arabia-based food conglomerate, said the company board had approved the distribution of cash dividends worth SR700 ($186.4 million) to the shareholders. The group operates in three core sectors: the Food sector,

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Savola highlights 2012 success at summit

Saudi Arabia-based  Savola Group, a leading industrial company, highlighted its record achievements in 2012 during its annual conference held recently in Jeddah. The summit, under the theme “Focusing, delivering, and gr

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Savola EGM approves sukuk issuance

The Savola Group, a leading conglomerate in Saudi Arabia, recently held an extraordinary general meeting (EGM) which approved issuance of sukuk with total value not exceeding the company’s paid-up capital. The EGM also voted

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Savola ups stake in Almarai to 36.5pc

Saudi-based Savola Group has raised its stake in fellow Saudi food firm Almarai Company to 36.5 per cent by purchasing shares worth 2 billion riyals ($533 million), Savola said in a statement on Wednesday. The purchase, which incr

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Savola unit growing says HSBC report

Savola Group’s retail operations, through its subsidiary Panda, are growing not only in terms of sales per sq m but due to increasing margins within the retail segment, according to a global research report recently issued by HSBC. Sales p

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