The Middle East’s
Top 100 Listed
Companies 2022
67. Savola Group
Country: Saudi Arabia
Sector: Food & Beverages
Group CEO: Waleed Khalid Fatani
Market Value: $5.2 billion
Sales: $6.6 billion
Profits: $106 million
Assets: $7.6 billion
The Savola Group operates grocery stores and produces food products in 50 countries through its two entities: Savola Foods and Savola Retail. In 2019, the group was added to the Morgan Stanley Capital Index as part of the Saudi Stock Exchange’s inclusion on the MSCI Emerging Market Index. It acquired Bayara Holding Limited in October 2021.