02/01/2018 07:52 AST

FOLLOWING the success of its drive "Negaderha", Savola group presented its first of kind initiative at 5th Arab Roundtable Meeting on Sustainable Consumption and Productions which was organized recently in Cairo by UN Environment in collaboration with the League of Arab States, UN Economic and Social Commission for Western Asia and the Centre for Environment and Development in the Arab Region and Europe.

The objective of the 5th Roundtable was to focus on implementing Sustainable Consumption and Production at the national level "From Action Plans to Implementation", and to discuss progress made by countries in their quest towards meeting their national targets under Sustainable Development Goals.

During one of the main sessions held at the meeting, Savola's case was presented by Tarik Ismail, Executive Director of Corporate Affairs and Sustainability and Secretary of the Board of Directors at Savola who introduced "Negaderha" program - a sustainability program aimed to reduce and manage food waste in KSA, in partnerships with national and international organizations.

Tarik said: "The idea of the program is targeting households and families of all parts of the community in addition to business owners from the restaurants, hotels and cafés sector to reduce food waste."

He noted in his presentation that Savola had provided a million containers to store food leftovers in collaboration with many interested parties, in addition to raising awareness and educating the community to participate in the reduction of food waste and development of the relationship between public and private sectors on one hand and society in the other hand to participate in supporting this cause and mitigating the factors behind excessive food waste to reach solid and sustainable solutions for this cause.

He revealed that about 8 million meals are wasted daily in Saudi Arabia, with its value estimated at SR70 million and that 90% of Saudi Arabia houses are disposing remaining meals in waste.

He also said that partnership between Savola and UNEP aims to reach the maximum effect in KSA where Savola got technical assistance to provide the methodology, ideas and models related to food preservation and food waste management and a manual for business owners to reduce excessive food waste and how to manage it from a legal, social, health and ethical perspective.


Saudi Gazette

Savola Group profit falls 91% to $232m, board proposes $2.66m dividend

09/03/2026

Saudi strategic investment holding firm Savola Group reported a net profit of SR874.5 million ($232 million) in 2025, down 91.23 percent from a year earlier, as the absence of one-off gains recorded

Arab News

Savola Group appoints new CEO

31/01/2018

Further to the Savola Group (The Group) previous announcement dated 14/11/2017, regarding the resignation of its CEO, the Group would like to announce its Board of Directors decision dated 30/1/2018

Tadawul

Lulu, Majid Al Futtaim, Savola among top 250 retailers

29/01/2018

Three major retailers from the Middle East region - Emke Group/Lulu Group International, Majid Al Futtaim Holding and Savola Group - are on a new list of top 250 global retailers, launched by Deloitt

Trade Arabia

Ticker Price Volume
SAVOLAGROUP Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALMARAI 42.80 0.00 (0.00%)
SADAFCO 214.50 -0.50 (-0.24%)
NADEC 16.97 -0.27 (-1.57%)
FIRSTMILLS 55.50 0.55 (1.00%)
MODERNMILLS 28.72 0.04 (0.13%)
Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia