Savola Group, a Saudi publicly listed joint stock company, announces the execution of a share purchase agreement for the acquisition with the Al Kabeer Group, a frozen foods player with operations across the Kingdom of Saudi Arabia, United Arab Emirates, Sultanate of Oman and Kingdom of Bahrain.
Anees Ahmad Moumina, Savola Group CEO, noted “we are excited about the prospects of this ransaction and adding a brand such as Al Kabeer into our portfolio of leading consumer brands in regional food and retail sectors”. He added, “Investment in Al Kabeer represents building on the main pillars of our strategic investments portfolio which spans food and retail sectors across the region”. Read More
The Al Kabeer Plant in Saudi Arabia has been developed on a 43,378 m2 plot plot with a built up area of 7,800 m2. This factory has been designed with an annual capacity of 9,000 MT. The factory specifications meet global environment concerns with a Green Building concept, water and energy conservation, and environment protection. The layout has been planned to accommodate future modular expansion to increase the product composition and output. 24 Chicken Burgers.The Company expects to starts the first phase of production by April 2017. In addition, this Plant will be geared up for the seasonal demand during Hajj. The plant has a capacity to produce 1,000 MT of ready-made meals to Read More