Savola Group is engaged in the food and retail sectors, operating through its Savola Foods and Savola Retail divisions with activities in the Middle East, North Africa and Turkey. Additionally, the company is also engaged in real estate and investment activities. Savola was founded in 1979 and throughout the past four decades has expanded and grown its business portfolio by including the manufacture and sale of edible oils, sugar, pasta products and confectioneries. Panda is Savola’s flagship brand and retail company and one of Saudi Arabia’s largest retailers, with 116 million costumers shopping through their 214 stores in more than 40 cities in Saudi Arabia.
Savola Group operates in the food and beverage manufacturers/processors and food retailers segments and ranks 129th out of 233 and 39th out of 62, respectively. Compared to its peers in both segments, the company performs well in the governance and strategy measurement area and ranks in the middle of the pack for nutrition. However, as a food processor and retailer, Savola Group falls behind on its commitments to address the accessibility and affordability and healthy foods. The company performs poorly compared to its peers on the social inclusion and environment measurement area due to its lack of policies committing to respect key labour rights and lack of environment-related targets.
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- Jeddah, Saudi Arabia
- Food and agriculture revenue USD
- Group revenue USD
- Onwnership structure
- Publicly listed
- Number of employees