Savola Group
| Name | Savola Group | |
| Sector | Manufacturing - Food & Beverage | |
| Trading | Tadawul | |
| RIC Code | 2050.SE | |
| Location | SAUDI ARABIA |
Profile and Background
The Savola Group was founded in 1979 with an initial capital of SR 90 million ($24 million). It started packing edible oil but expanded to encompass dairy products, sugar refining and retailing. It is now the dominant force in the Saudi Arabian retailing, edible oil and sugar markets, and has its sights firmly on becoming a regional force.
Under its 555 strategy, the aim is to achieve sales of SR 5,000 million ($1,333 million) and profits of SR 500 million ($133 million) in 2005 with the focus developing well beyond the home market. The Jeddah-based company took a substantial step in the right direction in 1999.
Sales jumped by 24 per cent to SR 2,678 million ($714 million) and net profits after minority interests soared by 48 per cent to SR 203 million ($54 million). A handsome dividend pay-out, including a one-for-seven bonus issue, was declared.
The year that has just closed was in fact a period of consolidation for the firm. In 1998, it acquired Al-Azizia Panda United, Saudi Arabia's leading supermarket chain, and operations were fully integrated as a division within the group during the year.
Savola exited chocolate, date and baby food sectors and set about raising efficiency in all areas. The process was formally completed in January when shareholders approved a change in the company's name from Savola Company to The Savola Group.
The Savola Group now comprises four divisions with divisional chiefs reporting to chairman and managing director Adel M Fakeih. The branded food division controls Savola's edible oil and Tasila snack food businesses.
The company's Jeddah oil plant manufactures 200,000 tonnes a year (t/y) of oil sold under the Afia and supporting brands and accounts for 80 per cent of the Saudi market. It also controls a 60,000-t/y plant in Bahrain.
Under its 555 strategy, the aim is to achieve sales of SR 5,000 million ($1,333 million) and profits of SR 500 million ($133 million) in 2005 with the focus developing well beyond the home market. The Jeddah-based company took a substantial step in the right direction in 1999.
Sales jumped by 24 per cent to SR 2,678 million ($714 million) and net profits after minority interests soared by 48 per cent to SR 203 million ($54 million). A handsome dividend pay-out, including a one-for-seven bonus issue, was declared.
The year that has just closed was in fact a period of consolidation for the firm. In 1998, it acquired Al-Azizia Panda United, Saudi Arabia's leading supermarket chain, and operations were fully integrated as a division within the group during the year.
Savola exited chocolate, date and baby food sectors and set about raising efficiency in all areas. The process was formally completed in January when shareholders approved a change in the company's name from Savola Company to The Savola Group.
The Savola Group now comprises four divisions with divisional chiefs reporting to chairman and managing director Adel M Fakeih. The branded food division controls Savola's edible oil and Tasila snack food businesses.
The company's Jeddah oil plant manufactures 200,000 tonnes a year (t/y) of oil sold under the Afia and supporting brands and accounts for 80 per cent of the Saudi market. It also controls a 60,000-t/y plant in Bahrain.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | 7% |
Board Members (Listed in alphabetical order)
| Director | Abdulla Mohammed Alfadl |
| Director | Abdulla Sadiq Dhalan |
| Chairman | Adel Mohammed Fakeih |
| Director | Emad Abdulqadir Almuhaidib |
| Director | Fouad Abdulwahab Bahrawi |
| Director | Ghassan Ahmed Al Sulaiman |
| Director | Hisham ahmed Tashkandi |
| Director | Ibrahim Mohammed Alissa |
| Director | Khalid Ahmed Al Thikair |
| Director | Sultan Abdulwahab Abu Milha |
| Director | Youssuf Alireza Mohammed |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 46.75 | 3424.18 |
| YTD % |  1.775% |  0% |
| Weekly % | 1.775% | 5.55% |
| Year High | SAR 51.25 | 9083.39 |
| Year Low | SAR 37 | 3296.01 |
| 52 Week High | SAR 202.07 | 4532.55 |
| 52 Week Low | SAR 46.75 | 2983.01 |
| BETA | 2.5253 | |
| Outstanding Shares | 375,000,000 | |
| Market Cap | SAR 17,531,250,000 | |
| Market Cap in $ | USD $4,675,000,000 | |
| % of Saudi_Arabia Market | 1.43% | |
| % of Sector | 4.04% | |
| Rank by Cap | 13 |
Key Figures in '000 SAR
| 2005 | 2004 | 2003 | |
| Total Assets | 8,117,271 | 6,194,938 | 3,938,476 |
| Shareholder's Equity | 2,985,113 | 2,070,855 | 1,849,842 |
| NIAT | 1,202,174 | 502,374 | 301,081 |
| Dividends | 9,000 | N/A | 151,970 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 31.03% | 57.29% | 13.45% |
| Earning Growth | 139.30% | 66.86% | 45.06% |
| ROaA | 16.80% | 9.92% | 8.13% |
| ROaE | 47.56% | 25.63% | 16.88% |
| No. Of Shares | 36,000,000 | 20,000,000 | 15,996,885 |
| EPS | 33.39 | 25.12 | 18.82 |
| EPS Growth | 139.30% | 66.86% | 45.06% |
| Payout Ratio | 0.749 | N/A | 50.475 |
Valuation Ratios
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| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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