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Savola Foods to raise capital by 340pcSaudi Arabia-based Savola Group plans to raise the capital of Savola Foods from SR500 million ($133.34 million) to SR2.2 billion, representing an increase of 340 per cent, through self-financing via its shareholders inter-company account. More… |
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Savola to up Saudi capacity to 400,000 tpySavola Foods will raise its edible oil refining capacity in Saudi Arabia to 400,000 tonnes per year (tpy), from 300,000 tpy, when a new refining unit comes online end-2009, the company's chief executive said on Tuesday. Zouhair Eloudgh More… |
