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Savola Group, a strategic investment holding group in the food and retail sectors across the MENA region, continues to reinforce its position among the top 100 companies in the Middle East for the year 2021, according to Forbes Middle East magazine. The group has been ranked 36th in the Middle East, based on its market value, sales, assets and profits. Waleed Fatani, Savola Group’s CEO, said: “Savola Group overcame the challenges of the year 2020 during the spread of the COVID-19 pandemic and succeeded in transforming these obstacles into opportunities for growth. This transformation paved the way for us to safely overcome the difficulties and to map a clear path for what lies ahead, which enabled Savola Group to continue its progress and to achieve further successes. This was reflected in the positive results announced during the year.” ....
Here are a few things you need to know as Saudi stocks start trading on Sunday: National Company for Learning and Education (NCLE) reported a net profit after Zakat and tax of SAR 3.8 million for Q1 2020/2021 ended Nov. 30, 2020, a 67.5% year-on-year (YoY) decline. SABIC Agri-Nutrients Co. announced the end of the maintenance activities and return to normal operation at SAFCO. Abdullah A. M. Al-Khodari Sons Co.’s board of directors approved the appointment of Ali Hussain Al BuSaleh as Chief Executive Officer from Jan. 7, 2021. Waleed Fatani has been appointed as the chief executive officer (CEO) of Savola Group. Saudi Arabian Amiantit Co. announced a total of SAR 16.12 million will be distributed as compensation to rights issue owners who did not exercise their rights to subscribe to the new shares. ....