Savola board proposes $136m dividend for 2025
The board of Saudi Arabian investment holding company Savola Group has proposed a dividend of SAR510 million ($136 million) for 2025, following a 13 percent year-on-year rise in revenue.
The company will pay SAR1.7 per share on 300 million eligible shares, it said in a statement to the Saudi stock exchange on Sunday.
Founded in 1979, Savola Group specialises in the food products and retail sector across the Mena region and Turkey.
Savola said revenues rose to SAR26 billion last year, up from SAR23 billion in 2024, supported by a store network expansion, positive momentum in the ongoing customer experience revival programme, and growth in omnichannel sales.
Net profit fell 91 percent year on year to SAR875 million due to the absence of a SAR11.3 billion one-off gain recognised in 2024.
The company reported a decline in retail segment earnings, higher operating expenses and a lower share of profit from associates.
The company’s share price is up 1 percent at SAR24.3 on March 9 on the Saudi Exchange (Tadawul) and is flat so far this year.
Further reading:
- Tadawul operator proposes dividend despite profit drop
- Saudi Energy board proposes $773m dividend for 2025
- Foreign-held equities soar ahead of Saudi Exchange reforms
You May Also Like
Little Pepe leads speculative momentum
The Benefits of a Dedicated Mortgage Broker for Your Homeownership Journey
