Savola

Profile

Savola Group is a prominent industrial and investment holding company based in Jeddah, Saudi Arabia, founded in 1979. It has grown to become the largest food company in the Kingdom by revenue, employing around 32,000 people and operating with a capital of SAR 5.34 billion. The company focuses on the food and retail sectors across the Middle East, North Africa, and Turkey, primarily through its two divisions: Savola Foods and Savola Retail.

Savola Foods manufactures a variety of products, including edible oils, sugar, pasta, confectioneries, and fresh dairy products. Savola Retail operates the Panda retail chain, one of the largest supermarket and hypermarket chains in Saudi Arabia, with over 214 stores serving approximately 116 million customers in more than 40 cities. The company has expanded through strategic acquisitions and investments, enhancing its market presence and product offerings. Savola Group is publicly listed on the Saudi Stock Exchange under the symbol 2050 and is recognized as a key player in the food and retail industries.