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Saudi Savola completes Geant purchase dealSaudi 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 More… |
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Savola profit plunges, warns of higher pricesSavola 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 More… |
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Saudi Savola to double Panda chainSaudi 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 More… |
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Savola to buy 5pc of Jordan's TaameerSaudi 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 More… |
