Friday 22 November 2024
 
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Saudi Savola

Saudi Savola completes Geant purchase deal

Saudi Savola Group said its 80-per cent owned retail arm has completed the purchase of some assets held by supermarket chain Geant Saudi Arabia for cash and stock. The retail arm, Al-Azizia Panda, bought the unspecified assets from Fawaz A

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Savola profit plunges, warns of higher prices

Savola Group, Saudi Arabia's largest food company, said third-quarter profit plunged 72 percent after a capital gain last year. It warned higher international commodity prices would hurt earnings. Net income in the three months to

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Saudi Savola to double Panda chain

Saudi Arabia's Savola Group said it plans to more than double its network of Azizia Panda supermarkets to 130 by 2010. The company, which operates the kingdom's largest supermarket chain, will add stores in cities such as Tabuk in the west

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Savola to buy 5pc of Jordan's Taameer

Saudi Savola Group said on Sunday it had agreed to buy a 5 per cent stake in Taameer Holding Co., Jordan's largest listed property firm, for 100 million Saudi riyals ($26.67 million). Savola, the Arab world's largest retail and food compan

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