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Savola Group’s net profit attributable to shareholders fell 66.67% in the third quarter of 2026 to SAR 128.5 million, compared with SAR 385.56 million in the same period last year, despite rising 10.25% quarter on quarter. The group attributed the decline mainly to the non-recurrence of a reversal of SAR 247 million in zakat provisions, which had boosted last year’s profit. Profit in the food industries sector rose 31% to SAR 141 million, while the retail sector swung from a profit of SAR 24 million to a loss of SAR 18 million, amid competition, investment in pricing, and costs associated with new stores.
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