Saudi food group Savola’s recurring profit rises 26%

Savola Group reported a 26% increase in recurring net profit, reaching SR500 million ($133.3 million) in the first nine months of 2026, driven by higher food processing volumes and cost management. Despite this growth in recurring profits, net profit attributable to shareholders fell 22.2% to SR530 million, influenced by prior non-recurring gains. Additionally, the company declared an interim cash dividend…