Savola Group of Saudi Arabia buys out Bayara for $260m

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October 17, 2021 5:23 pm
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  • The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations
  • Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom

Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.

The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations.

Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom.

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