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HomeBusinessSaudi food group Savola’s recurring profit rises 26%

Saudi food group Savola’s recurring profit rises 26%

Savola Group reported a 26% increase in recurring net profit, reaching SR500 million ($133. 3 million) in the first nine months of 2026, driven by higher food processing volumes and cost management. Despite this growth in recurring profits, net profit attributable to shareholders fell 22. 2% to SR530 million, influenced by prior non-recurring gains. Additionally, the company declared an interim cash dividend of SR210 million for the first half of 2026.

Read full story on Arab News Pk

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