Last SR76.13 SAR
Change Today -1.08 / -1.40%
Volume 422.0K
SAVOLA On Other Exchanges
Symbol
Exchange
Saudi Arabia
As of 8:30 AM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

savola (SAVOLA) Snapshot

Open
SR75.50
Previous Close
SR77.21
Day High
SR76.25
Day Low
SR74.75
52 Week High
08/5/14 - SR90.50
52 Week Low
12/5/13 - SR56.50
Market Cap
40.7B
Average Volume 10 Days
275.6K
EPS TTM
SR4.14
Shares Outstanding
534.0M
EX-Date
10/27/14
P/E TM
18.4x
Dividend
SR3.00
Dividend Yield
2.96%
Current Stock Chart for SAVOLA (SAVOLA)

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savola (SAVOLA) Details

Savola Group Company, through its subsidiaries, manufactures and sells food and plastic products. It operates through Foods, Retail, Plastic, and Investment and Other Activities segments. The company produces and sells edible oils, vegetable ghee, specialty fats, sugar, pasta, sweeteners, and other food and confectionary products, as well as flexible and rigid plastic packaging products. It also operates a network of hypermarkets and supermarkets. In addition, the company is involved in the real estate development, services and maintenance, and trading and distribution activities; and operation of fast food restaurants. It has operations in the Middle East, North Africa, and Central Asia region. Savola Group Company was founded in 1978 and is headquartered in Jeddah, Saudi Arabia.

Founded in 1978

savola (SAVOLA) Top Compensated Officers

Chief Executive Officer, Group Managing Direc...
Total Annual Compensation: SR19.5M
Compensation as of Fiscal Year 2013.

savola (SAVOLA) Key Developments

KKR And CVC Reportedly Hired Advisors For Americana Bid

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) (KKR) and CVC Capital Partners Limited (CVC) hired Goldman Sachs and HSBC to advise them on their joint bid for a majority stake in Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD) (Americana), sources familiar with the matter said. Savola Group Company (SASE:2050) is the only remaining bidder against KKR and CVC for al-Kharafi family's almost 67% stake. Americana said in a November 4, 2014 filing that a major shareholder was in preliminary talks with "various parties" to sell its holding. However no agreement had been reached and Americana did not name the groups in talks with Al Khair National for Stocks and Real Estate Company. "There are many who want to acquire this jewel," Marzouq al-Kharafi, Chairman of Americana, told CNBC Arabiya. "But who has the price of this jewel?" Marzouq al-Kharafi also said the Board had not held talks or received calls with any bidders. KKR declined to comment while CVC couldn't immediately be reached for comment, Reuters reported. Kharafis has mandated Rothschild to handle the sale.

Khair National In Talks To Sell Kuwait Food Company Stake

Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD) said that its shareholder, Al Khair National for Stocks and Real Estate Company was in talks with parties in order to sell some stake in Kuwait Food Company. According to news report, Kuwait Food Company has a market value of around $4.3 billion and it did not disclose the parties but emphasized that no final agreement had been reached and no binding commitments had been made. In August 2014, Savola Group Company (SASE:2050) said that it had held preliminary talks with one of Kuwait Food Company (Al Americana)'s major shareholders about a potential deal. It later disclosed it had engaged JP Morgan to advise it. Earlier, Reuters reported quoting sources as saying that bids from Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), CVC Capital Partners Limited, and others could be expected in mid of October 2014.

Kingdom Holdings Reportedly Makes Offer For Kuwait Food Company

Kingdom Holdings Company (SASE:4280) has made an offer for the majority stake in Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD), reported Mubasher Thursday citing insiders. Sources familiar with the matter told the news service that bin Talal aims to acquire the 66.8% stake in Al Americana, estimated at $6 billion, which is currently held by the Kuwaiti al-Kharafi family throught their company Al Khair National for Stocks and Real Estate Company. According to Mubasher, Al-Waleed bin Talal, founder and Chairman of Kingdom Holdings, is competing with five other bidders, including Savola Group Company (SASE:2050) and BRF S.A. (BOVESPA:BRFS3) in a team with Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) and CVC Capital Partners Limited.

 

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SAVOLA

Industry Average

Valuation SAVOLA Industry Range
Price/Earnings 18.4x
Price/Sales 1.5x
Price/Book 3.9x
Price/Cash Flow 18.5x
TEV/Sales 1.1x
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