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Business Description
Savola Group SJSC is a Saudi Arabia-based company engaged, together with its subsidiaries, in the production and distribution of vegetables oils, food products, retailing, packaging materials and fast food operations. It operates in three segments: the Foods segment manufactures and distributes edible oils, sugar and pasta products; the Retail segment includes the Company’s hyper and super market operations; the Plastic segment manufactures and markets plastics for industrial and commercial use, and the Investment and other activities segment covers the Company’s subsidiaries. In November, 2013, the Company sold its entire 80% stake in lands located in Al Madina Al Munauwarah city, and also it acquired Al Muhaidib Holding Company’s share in the Company’s subsidiaries, which include 10% stake in Savola Foods Company and 18.6% in Azizia Panda United Company. In May 2014, the Company sold its entire assets and operations of edible oils in the Republic of Kazakhstan.