54. Savola Group

Country: Saudi Arabia
Sector: Food & Beverages
Group CEO: Waleed Khalid Fatani
Market Value: $7.3 billion
Sales: $7.2 billion
Profits: $285 million
Assets: $8 billion

The Savola Group primarily focuses on the food and retail sectors through Savola Foods and Savola Retail. In 2023, Savola acquired the remaining 1.13% stake in Panda Retail for $16 million, gaining full ownership. In April 2024, the Savola Group applied to the Capital Market Authority to increase its capital by offering a $1.6 billion rights issue and distributing its entire 34.52% stake in the dairy firm Almarai to its eligible shareholders.