Riyadh - Mubasher: Savola Group received notification on 9 August 2026 regarding a change in the ownership of its major shareholders following an internal restructuring of investment portfolios.

Al Muhaidib Holding Company, which previously held a 6.36% stake in the group, transferred 4.59 million shares to Abdulkadir Al Muhaidib & Sons Company.

The transferred shares represent 1.53% of Savola Group’s total equity. Prior to this transaction, Abdulkadir Al Muhaidib & Sons Company held an 8.32% stake in the company.

Following the completion of the transfer, its total ownership interest has increased to 9.85%.

As a result of this portfolio reorganization, Al Muhaidib Holding has fallen below the threshold for major shareholders in Savola Group and is no longer included in that list.

The group confirmed that the move was initiated by the shareholders to reorganize their respective investment holdings.

Savola Group is one of Saudi Arabia’s largest industrial entities, with significant interests in the food and retail sectors across the region.

In the first half (H1) of 2026, the group’s net profit climbed by 36.01% to SAR 401.06 million from the SAR 294.86 million in H1-25.