Savola Group

Savola Group
مجموعة صافولا

Company type	Public
ISIN	SA0007879162
Founded	January 10, 1979; 45 years ago (January 10, 1979)
Headquarters	Jeddah , Saudi Arabia
Key people	Waleed Khalid Fatani (CEO)[1] Sulaiman Al-Muhaidib (chairman)[1] Bader Abdullah Alissa (vice chairman)[1] Wajid Usman Khan (CFO)[1] Morhaf Mohammad Alsamman (CHRO)[1] Mohammad Nasr (CIO)[1] Elnour Ali Saad (Chief Corporate Governance and Legal Affairs officer, and Group Board Secretary)[1]
Revenue	SAR 24.669 billion (2021)[2]
Total assets	26,657,711,000 Saudi riyal (2019)
Number of employees	around 32,000 (2016)
Subsidiaries	Panda Retail Company & Savola Foods Company

The Savola Group (Arabic: مجموعة صافولا) is a Saudi Arabian industrial company. The group's major holdings supply Saudi Arabia, the Middle East and North Africa, and Turkey with edible oils, sugar, fresh dairy products, and restaurants serving fast foods. The group also owns the largest grocery retailing chain in the Middle East, Panda Retail Company.

It is ranked as number 9 among top 100 companies in the Saudi Arabian market and ranked as number 2 among the industrial sector after SABIC. Savola has recently listed its Oils and Fats division in the Saudi Stock market under the name Afia International.^{[citation needed]}

It was founded in 1979^[3] as Saudi Vegetable Oils and Ghee Co., initially the company's business was importing and refining edible oil.^[4]

Savola is the kingdom's biggest food company by revenue.^[4]

According to Al-Waleed bin Talal, "This group was established by me and some of my allies...I'd created what you could call the 'Nestlé of the Middle East' – the Savola Group, which is a very dominant force in its field."^[5]