Savola hosts annual conference on sustainable growth

The Savola Group held its annual conference on Sunday under the theme "The Sustainable Growth" and celebrated a record year by screening a documentary film highlighting the achievement of SR 1 billion operating profit for the fiscal year 2011.
"This year our group's annual conference looked back on the momentous achievements of 2011 culminating in a net profit of more than SR 1 billion generated mainly from operation, which we have commemorated with a film showing how the group reached this major milestone," said Abdulraouf Mannaa, MD, Savola Group. "What is most important for the future is that this record breaking profit was achieved through sustainable growth in all sectors, which is the key to the Savola Group's ongoing success across the three core sectors of food, packaging and retail."
After screening the documentary film 'One Team - One Goal - One Billion,' the CEO of each sector made a presentation reviewing 2011's achievement and year-to-date performance of each of the group's three core sectors.
A short film that showcased the achievements of the group's main sectors was displayed during the conference, followed by a display of operation strategies of each sector, starting with food sector, where Abderrahim Maaraf, CEO of Savola Foods, introduced the sector's main strategies. Azhar Kanji, CEO of Savola Plastics Company, introduced the strategies of Savola Plastic to become one of the top ten plastic companies in the world. The Company currently operates through nine factories in Jeddah, Riyadh, and Egypt. Finally, Muwaffaq Jamal, CEO of Panda, presented Panda's plans to expand through its supermarket and hypermarket chains, which reached 132 branches.
The Savola Group invited Michio Kaku, a scientist who specializes in the field of Theoretical Physics as a guest of the conference to share his experience and expertise in relating business to technology.