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Savola Sells Its Entire Assets Field of Edible Oils in Kazakhstan To Russian Company
SPA Published in Alriyadh on 25 - 05 - 2014

Savola Group announced the sale of its entire assets and activity of edible oils in the Republic of Kazakhstan at a total value of 107 million Saudi riyals to a Russian company working in the same field, noting that it has made a capital gain amounted to 17 million Saudi riyals.
In a statement posted today on the financial exchange market 'Tadawul', Savola group explained that the impact of this transaction will be reflected in its results of the second quarter of fiscal year 2014.
This was announced by Chief Executive and Managing Director of Savola Group, Dr Abdulrauf Mohamad Manna, who confirmed that the total amount obtained from the deal will be used for the development of the Group's activities in the field of food.

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