Companies / Saudi Arabia
Savola Announced Major International Expansions
June 2007 | Company News AlertSaudi Arabia-based food company Savola Group has recently announced a major international investment strategy worth SAR18bn (US$4.8bn) which it plans to use to develop new businesses and expand into North Africa and Central Asia. The company has said that it plans to finance half of the funds itself and raise the other half from potential partners. Around 60% of this investment has been allotted to expanding its existing activities - which include edible oils, sugar refining and supermarket retailing in countries such as Pakistan and Turkey - according to managing director Sami Baroum. Given the strong growth opportunities these emerging
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