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FINANCIAL NEWS
Saudi Savola, Takween in talks on possible plastic unit sale
07 Nov 2014
(MENAFN) Savola Group, Saudi Arabia’s largest food products firm, announced that they are going through talks with Takween Advanced Industries to discuss a potential sale of its plastics business, Arab News reported.
Savola said that it intends on selling its entire share capital in Savola Packaging Co. so that the company would retain its full focus on its core sectors of food and retailing.
Savola, which reported a 53.3 percent increase in its July-September net profit, is also currently in talks with Kuwait Food Company (Americana) over a potential deal to buy major stake in Americana.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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