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Saudi Savola sells its business in Kazakhstan for USD28.5m  Join our daily free Newsletter

MENAFN - 26/05/2014
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(MENAFN) Saudi Arabia's Savola Group has sold its loss-making #Kazakhstan edible oil business to a Russian company for USD28.5 million, according to Arab News.

Savola could gain USD4.532 million in its capital in April after postin 43 percent growth in its first-quarter net profit.


The Saudi-based firm is a major producer of cooking oil, sugar and other foodstuffs.

The company said that its business in #Kazakhstan posted a USD0.479 million last year.

 
 


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