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- Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day
- Bahrain Marina seals partnership deal with Batelco by Beyon
- Investcorp Capital acquires $400m industrial assets across US
- The British Embassy honors Gulf Bank for empowering people with disabilities
- Saudi flour company MC4 starts work on new production facility
- Alba celebrates major contributions of its female workforce
- H&H unveils new ultra-luxury destination in Jumeirah
- Top architect Frida Escobedo lands contract to design Qatar ministry HQ
- QSE edges lower on selling pressure in banks, consumer goods & insurance; M-cap adds QR2.13bn
- US, UAE Central Banks on track for final interest rate cut of 2025 next week
18/10/2011 00:00 AST
Saudi Savola Group posted an 8.8 percent rise in its third-quarter net profit on Monday, beating some analyst forecasts, after it increased sales and market share in the food and retail sectors, it said in a bourse statement.
The firm made a net profit of SR307.9 million ($82 million) in the three months ending Sept. 30, compared with SR283 million in the same period a year earlier, the statement said.
Analysts surveyed by Reuters expected the firm to post on average SR302 million in the third-quarter.
Savola also said it plans to issue a dividend of SR0.25 per share for the third quarter profits and still expects this year's profits, before capital gains, to reach SR1 billion.
"The net profit increase for the third quarter compared to the third quarter a year earlier is mainly due to the continued growth in sales and market share in the food and retail sectors," Savola said in the statement.
"The group expects to post a fourth quarter net profit, before capital gains, of SR296 million for the fourth quarter, which is in line with the firm's expectations for 2011 net profit of SR1 billion before capital gains," it said.
Operational profit for the third quarter increased by 10.7 percent to SR471.8 million, compared with SR426.2 million in the same period a year earlier.
Reuters
31/01/2018
Further to the Savola Group (The Group) previous announcement dated 14/11/2017, regarding the resignation of its CEO, the Group would like to announce its Board of Directors decision dated 30/1/2018
Tadawul
29/01/2018
Three major retailers from the Middle East region - Emke Group/Lulu Group International, Majid Al Futtaim Holding and Savola Group - are on a new list of top 250 global retailers, launched by Deloitt
Trade Arabia
02/01/2018
FOLLOWING the success of its drive "Negaderha", Savola group presented its first of kind initiative at 5th Arab Roundtable Meeting on Sustainable Consumption and Productions which was organized recen
Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALMARAI | 44.20 | 0.00 (0.00 |
| SADAFCO | 238.50 | -2.80 (-1.17 |
| NADEC | 18.42 | -0.10 (-0.54 |
| FIRSTMILLS | 49.74 | 0.30 (0.60 |
| MODERNMILLS | 31.60 | 0.44 (1.41 |
05/12/2025
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
Th
Asharq Al Awsat
05/12/2025
Bahrain Marina Development Company (BMDC), the master developer of the Bahrain Marina project on the eastern waterfront of Manama, has announced the signing of a strategic partnership agreement with
Trade Arabia
05/12/2025
Investcorp Capital (ICAP), a company listed on the Abu Dhabi Securities Exchange, today (December 4)announced that it has successfully acquired a diversified portfolio of industrial assets for $400 m
Trade Arabia
05/12/2025
In recognition of its sustained commitment to promoting inclusivity and fostering a workplace environment that embraces all segments of society, Gulf Bank received a special invitation from the Briti
Kuwait Times
05/12/2025
Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 m
Trade Arabia
Financial Information Co.
Saudi Arabia