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January February
Savola Group appoints new CEO
(Tadawul - 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 to appoint Eng. Anees Ahmed Moumina in the position of

Agthia's 2017 profit drop 19%
(The National - 30/01/2018)

Agthia Group, an Abu Dhabi-based food and beverage firm, reported a 19 per cent drop in its full-year 2017 net profit, missing analysts' forecast, as lower contributions from flour and animal feed business affected profitability. The company, which is 51

Agthia's 2017 profit slides 19%, impacted by subsidy reform for flour
(The National - 30/01/2018)

Agthia Group, an Abu Dhabi-based food and beverage firm, reported a 19 per cent drop in its full year 2017 net profit, missing analysts' forecast, as lower contributions from flour and animal feed business affected profitability. The company, which is 51

Oman Flour Mills names new CEO
(Trade Arabia - 29/01/2018)

Oman Flour Mills, a public joint stock company engaged in the milling and food processing business in the sultanate, has appointed Haitham Mohamed Al Fannah as the new chief executive officer effective April 1. An industry veteran, Al Fannah had been

Lulu, Majid Al Futtaim, Savola among top 250 retailers
(Trade Arabia - 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 Deloitte Global. Wal-Mart with a revenue of $485.873 billion

Oman Flour Mills names Fannah as new CEO
(Muscat Daily - 28/01/2018)

The board of directors of Oman Flour Mills Co has appointed Haitham Mohamed al Fannah as the new chief executive officer of the company. Fannah is likely to join Oman Flour Mills Co as its new CEO from April 1, Oman Flour Mills Co announced to the Muscat

Saudi's Almarai Q4 profit down 4.3 pct, competition pressures prices
(Reuters - 21/01/2018)

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a 4.3 percent decline in fourth-quarter profit on Sunday due to tough market conditions that prevailed throughout 2017, missing some analysts’ estimates. Almarai made a net profit of 513

SACO announces its strategic plan for two years 2019 and 2020
(Tadawul - 16/01/2018)

Saudi Company for Hardware is pleased to announce that it began to implement its strategic plan for the coming two years (2019, and 2020), which aims to support the company's status, diversity, and expansion in KSA and markets of Gulf Cooperation Council

Savola shares its successful drive 'Negaderha' at the 5th Arab meeting
(Saudi Gazette - 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 recently in Cairo by UN Environment in collaboration with

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