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Business

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Savola sells KEC stake for $122m

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent. (ITP)
By TRENDS Desk
August 11, 2022 3:09 pm
  • The company said it wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses
  • Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56

Savola Group has sold its stake in Knowledge Economic City Co. and Knowledge Economic City Developers Co. Limited for $122 million.

The company wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses, the group said in a bourse filing.

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent.

Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56.

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INSEAD Day 4- 300x600
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