Last SR82.67 SAR
Change Today +0.63 / 0.77%
Volume 447.9K
As of 9:30 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

savola (SAVOLA) Snapshot

Open
SR82.25
Previous Close
SR82.04
Day High
SR83.75
Day Low
SR81.50
52 Week High
08/5/14 - SR90.50
52 Week Low
09/9/13 - SR49.00
Market Cap
44.1B
Average Volume 10 Days
491.4K
EPS TTM
SR3.74
Shares Outstanding
534.0M
EX-Date
07/24/14
P/E TM
22.1x
Dividend
SR2.00
Dividend Yield
2.42%
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

Kuwait Food Denis Of Savola Acquisition Talks

Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD) said that that it had no knowledge of any talks with Savola Group Company (SASE:2050) on a possible acquisition of Kuwait Food. "The board and executive administration deny knowledge of any negotiations with Savola regarding an acquisition of Americana," the Kuwaiti Food said in a statement to its stock exchange. A recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets; the meeting did not result in any development requiring disclosure, Kuwait Food said.

Savola Starts Initial Talks On Acquiring Americana

Savola Group Company (SASE:2050) said on August 13, 2014 that it had begun preliminary talks on a potential acquisition of Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD). Savola has attended an investor roadshow held by Americana's management, but talks have not yet reached a stage that would require disclosure, the company said in a bourse filing. In addition to Savola, the potential sale of Americana is believed to have drawn interest from major U.S. private equity firms, though it is not known whether any have put together concrete bids. Americana officials have consistently declined to comment on acquisition talks, while members of the al-Kharafi family could not be reached for comment this week.

Savola Reportedly Among Bidders For Kuwait Food Company

Savola Group Company (SASE:2050) is among first-round bidders for Kuwait Food Company (Al Americana) K.S.C.P. (KWSE:FOOD) which is likely to fetch more than $4 billion, Bloomberg reported citing people with knowledge of the situation. Other potential suitors include Advent International Corporation; CVC Capital Partners Limited; Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR); TPG Capital, L.P. and The Carlyle Group LP (NasdaqGS:CG). A representative for Savola Group Company could not immediately comment. Kuwait Food Company (Al Americana) K.S.C.P. officials in Kuwait didn’t immediately respond to a call and e-mail seeking comment. Spokesman for Advent International Corporation, CVC Capital Partners Limited and TPG Capital, L.P declined to comment. Kohlberg Kravis Roberts & Co. L.P. didn’t respond to a telephone and e-mail request for comment.

 

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SAVOLA

Industry Average

Valuation SAVOLA Industry Range
Price/Earnings 22.0x
Price/Sales 1.7x
Price/Book 4.4x
Price/Cash Flow 22.4x
TEV/Sales 1.2x
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