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Savola Group, a leading investment holding company with focus on food and retail sectors, and Spicemen have announced the completion of the acquisition of Bayara Holding by Savola Foods Company, a wholly owned subsidiary of Savola Group. ....
DUBAI: Saudi Arabia’s Savola Group has completed the full acquisition of Emirati snack maker Bayara Holding, in a deal worth SR975 million ($260 million). The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations. Bayara is a major manufacturer and distributor of branded snacks in the UAE and the ....
RIYADH: Saudi Arabia’s main market, Tadawul, traded 0.6 percent higher on Sunday morning, at 11,750 points. Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Aldrees net profit surges 50 percent to SR122.7 million for the first nine months of 2021. Derayah-REIT goes ex dividend today. Saudi Real Estate Co.’s subsidiary, Saudi Real Estate Infrastructure Co. ....