Saudi Arabia's second-largest food producer, Savola Al Azizia United Co., has reported a rise in fourth-quarter income on increased sales and expanded operations, Bloomberg has reported. Savola's net income for the period reached SR269m ($71.7m), compared with a loss of SR464m a year earlier. Last year, the company acquired the assets of Casino Guichard-Perrachon SA's Geant superstores in the kingdom and plans to expand in Sudan and Egypt.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
