19 Oct 2010
(MENAFN) Saudi food giant Savola Group said that it has posted a 2 percent rise in net profit to $75.5 million in the three months to end-September, up from $74 million a year earlier, Reuters reported.
Savola, which owns the Middle East’s biggest sugar refining business and produces edible oil, said its sales rose by 10 percent to $1.49 billion during the quarter>
The company also attributed the results to start-up costs of new outlets in its Panda-Azizia supermarket chain.
Savola is the biggest shareholder in Almarai Company, the Middle East’s largest dairy firm by market value.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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