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Savola Group's Overview

Total employees1863
HeadquartersJeddah
Founded1979

The Savola Group is a leading Saudi Arabian strategic investment holding company with a strong presence in the food and retail sectors across the Middle East, North Africa, and Turkey (MENAT region). Established in 1979, Savola has grown to become one of the region's most successful and fastest-growing multinational food groups, managing a diverse portfolio of businesses including edible oils (e.g., Afia, Shams), sugar, pasta, seafood, and formerly retail through its Panda supermarket chain (majority stake sold in 2024). The Group is committed to delivering quality products and services while contributing to the economic development of the communities it serves and adhering to strong corporate governance and sustainability principles. Savola focuses on long-term value creation for its shareholders and stakeholders.

Where is Savola Group's Headquarters?

Savola Group officeSavola Group officeSavola Group officeSavola Group office
*Images sourced via web search. Rights belong to original owners

HQ Function

The headquarters serves as the central hub for strategic decision-making, corporate governance, financial oversight, investment management, and group-wide operations coordination for its various business segments across the MENAT region.

Notable Features:

The Savola Tower is a prominent modern office building in Jeddah, reflecting the company's stature. It likely houses state-of-the-art facilities for its corporate functions.

Work Culture:

The HQ likely fosters a professional, performance-driven, and collaborative work environment, emphasizing innovation, ethical practices, and alignment with the Group's core values of integrity, customer focus, and continuous improvement.

HQ Significance:

The Jeddah headquarters is pivotal for coordinating Savola's extensive operations and investments across multiple countries and diverse business segments, anchoring its strategic initiatives from its home market.

Values Reflected in HQ: The headquarters' design and operations likely reflect Savola's commitment to professionalism, efficiency, transparency, and its role as a leading regional enterprise focused on sustainable growth.

Location:

Savola Group has a significant operational presence primarily concentrated in the Middle East, North Africa, and Turkey (MENAT region). Key countries include Saudi Arabia, Egypt, Turkey, Iran, Sudan, Morocco, and Algeria. While its core manufacturing, sales, and investment activities are within these geographies, its products are also exported to various other international markets. Global functions supported from its central and regional offices include strategic sourcing of raw materials, international brand management, supply chain optimization, and financial consolidation for its diverse subsidiaries.

Street Address:

P.O. Box 14455, Savola Tower, Prince Faisal Bin Fahd Street (Sitteen Street), Al-Shati District

City:

Jeddah

State/Province:

Makkah Province

Country:

Saudi Arabia

Savola Group's Global Presence

Cairo, Egypt

Address: Regional office, specific address varies by subsidiary (e.g., Savola Foods Egypt, New Cairo)

Oversees manufacturing plants, distribution networks, sales, and marketing for Savola's brands within Egypt and supports export activities to neighboring African countries.

Istanbul, Turkey

Address: Regional office, specific address varies by subsidiary (e.g., Yudum Gida in Istanbul)

Drives market penetration, brand development, supply chain management, and operational excellence for Savola's Turkish subsidiaries.

Tehran, Iran

Address: Regional office, specific address for Savola Behshahr Company (subsidiary).

Caters to the domestic Iranian market for edible oils and related food products, navigating local market dynamics.

Khartoum, Sudan

Address: Regional office, manages operations in Sudan.

Serves the Sudanese market and plays a role in the local food supply chain.

Buying Intent Signals for Savola Group

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Savola Group

As of April 2025, Savola Group' leadership includes:

Waleed Khalid Fatani - Group Chief Executive Officer
Shuaib Abdullah Al-Muhaidib - Group Chief Financial Officer
Mohamed Abdelhamid Badran - CEO Savola Foods
Tariq Al-Mutlaq - Chief HR Officer
Mohammad Al Shuhail - Chief Governance, Risk & Compliance Officer

Investors of Savola Group

Savola Group has been backed by several prominent investors over the years, including:

Publicly traded on the Saudi Stock Exchange (Tadawul) - Ticker: 2050
Assila Investments Co.
AbdulKadir Al-Muhaidib & Sons Co.
Public Pension Agency (Saudi Arabia)
General Organization for Social Insurance (GOSI, Saudi Arabia)
Various institutional and individual shareholders

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

Savola Group has seen some key transitions, particularly concerning its retail arm, Panda Retail Company. Other executive movements are part of routine corporate governance and strategic alignments. Note: Some changes might be slightly outside the 12-month window but are significant for recent context.

Departures

Bandar Talaat Hamooh, Bandar Talaat Hamooh departed as CEO of Panda Retail Company.

New Appointments:

Badr Alomair (formerly Badr Hamed Al-Aujan), Badr Alomair appointed as CEO of Panda Retail Company, Savola's retail arm.

Technology (Tech Stack) used by Savola Group

Discover the tools Savola Group uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Savola Group Email Formats and Examples

Savola Group typically utilizes a standard corporate email format for its employees, generally based on the employee's name and the company domain 'savola.com'. Common variations exist across large organizations.

Common formats include [first_initial][last]@savola.com or [first].[last]@savola.com. Example: jdoe@savola.com or john.doe@savola.com

Format

wfatani@savola.com

Example

80%

Success rate

News and media

ZawyaMay 8, 2024

Savola Group Q1 2024 profit slumps 89% on lower revenue, hypermarket sale loss

Savola Group's net profit for Q1 2024 fell sharply by 89% year-on-year to SAR 23.9 million ($6.37 million), primarily due to lower revenues and a loss from the sale of its hypermarket centres. The company is undergoing strategic divestments, including the sale of its entire share capital in Panda Retail Company's subsidiary, Azizia Panda United Inc....more

ArgaamFebruary 15, 2024

Savola Group completes sale of 3 hyperPanda stores for SAR 90.1 mln

Savola Group announced the completion of the sale and leaseback of three hyperPanda store properties for a total value of SAR 90.1 million. This is part of the company's capital optimization strategy....more

Savola Group Press Release / TadawulDecember 21, 2023

Savola Group Announces Sale of Its Entire Share Capital in Azizia Panda United Inc.

Savola Group announced its decision to sell its entire share capital in its wholly owned subsidiary, Azizia Panda United Inc. (Panda Retail Company), to Abdullah Al Othaim Markets Company. This marks a significant strategic shift for Savola, exiting the majority of its retail operations....more

ArgaamOctober 26, 2023

Savola Group Q3 2023 net profit more than doubles to SAR 459.6 mln

Savola Group reported a net profit of SAR 459.6 million for Q3 2023, a significant increase compared to SAR 197.2 million in the same period the previous year. The growth was driven by higher revenue and improved gross profit margins....more

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