Business
Review
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Food
Investments

Our Foods business delivered strong topline growth for 2021 while investing in further strategic diversification towards a higher-value, healthier asset mix and value proposition.

Revenue Breakdown
(SAR million)
Edible Oil and Fats
8,941
Sugar
2,926
Pasta
588
Frozen Foods
643
Almarai
15,850
Others
176
2021 Sales Volume by Business Line (million MT)

Savola Foods acquired 100% of Bayara for SAR 975 million. The acquisition is pivotal to Savola’s growth strategy focused on expansion into high growth, value-added food categories with propositions directed towards the younger population.

(SAR million)

975

Retail
Investments

Our Retail business continued to transform and innovate during 2021, while navigating the changing landscape and pressure on the Saudi modern trade and retail market.

Panda Selling Area (m2)

594,357

Total Number of Panda Stores

195

Total Number of Herfy Branches

387