Savola Group, founded in 1979, is a leading strategic investment holding group in the food and retail sectors across the MENA region. It operates Savola Foods which produces and exports much-loved everyday household products, including oil, sugar, and pasta, to cover more than 50 countries around the world. It also operates the largest grocery store chain (Panda) with 187 stores in the Kingdom of Saudi Arabia and Egypt. It owns a stake of 34.52% in (Almarai) and 51% in Alkabeer Group for frozen foods. Savola also owns the largest stake (49%) in Herfy Food Services Company.