THE MIDDLE EAST’S

65. Savola Group
Country: Saudi Arabia
Sector: Food & Beverages
Group CEO: Waleed Khalid Fatani
Market Value: $2.5 billion
Sales: $6.4 billion
Profits: $2.6 billion
Assets: $5.7 billion
The Savola Group primarily focuses on the food and retail sectors. It operates through five main direct subsidiaries: Savola Foods Company, Panda Retail Company, Good Food Company, Al Matoun International for Real Estate Investment Holding Company, and Herfy Food Services Company. In January 2025, the group signed a binding sale and purchase agreement through the Savola Foods Company to sell its entire business in Iran for $188 million. In September 2024, it raised $1.6 billion through a rights issue of 600 million shares and announced plans to distribute its 34.52% stake in Almarai to eligible shareholders.