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Savola Group, a strategic investment holding group in the food and retail sectors across the MENA region, continues to reinforce its position among the top 100 companies in the Middle East for the year 2021, according to Forbes Middle East magazine. The group has been ranked 36th in the Middle East, based on its market value, sales, assets and profits.
Waleed Fatani, Savola Group’s CEO, said: “Savola Group overcame the challenges of the year 2020 during the spread of the COVID-19 pandemic and succeeded in transforming these obstacles into opportunities for growth. This transformation paved the way for us to safely overcome the difficulties and to map a clear path for what lies ahead, which enabled Savola Group to continue its progress and to achieve further successes. This was reflected in the positive results announced during the year.”
The recognition stands as a proof of our commitment toward our markets as well as our support to our local communities and employees who contributed to these achievements.”
Savola Group, founded in 1979, operates Savola Foods, which produces and exports much-loved everyday household products including oil, sugar and pasta to more than 50 countries around the world. It also operates the largest grocery store chain (Panda) with 205 stores in more than 42 cities across Saudi Arabia and Egypt.