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Gold edges higher as Iran, Israel halt attacks

News

Oil surges over 3% on elevated Middle East tensions

News

Broadcom stock tanks 13% despite record Q2

News

Gold prices rise on easing Middle East tensions

News

Japan’s Nikkei 225 hits record high

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HPE stock jumps 28% on Q2 beat, boom in AI business

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Savola Group (2050) – Introduction and background

Savola Group is a major Saudi conglomerate in the food and retail sectors.

Founded in 1979 and headquartered in Jeddah, Savola Group is a diversified conglomerate in the food and retail sectors. The company’s foods division produces food products such as seed oils, sugar, and pasta, with popular brands including cooking oils Afia and Al Arabi. In the retail sector, Savola manages Panda Retail Company, one of Saudi Arabia’s largest grocery store chains. Savola Foods is responsible for around 60% of revenue, with Panda making up most of the rest. GCC countries account for the lion’s share of revenue, followed by Egypt and Central Asian markets.

Savola Group is publicly listed on Tadawul under the ticker 2050. 

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