22 June 2013
The Savola Group announces a fire incident that took place on Thursday afternoon 20th June 2013, in the raw sugar warehouse of United Sugar Company, Jeddah, one of The Savola Group's subsidiary companies.Dr. Abdulraouf Mannaa - CEO and MD of the Group explained that the fire incident in the raw sugar warehouse did not result any human injuries or casualties and no damage is in the main plant. Dr. Mannaa reaffirms that this fire incident will not affect the Group's financial projected results for the year 2013. While the warehouse, raw materials and losses are fully insured, damages will be evaluated and InshaAllah, we will start the production in short period. Dr. Mannaa stressed that this incident will not have any major effect on the sugar availability in Saudi market, during the month of Ramadan or increase in sugar prices as well. He reaffirms the Savola Group's commitment to continue providing for the needs of the Saudi market despite this unfortunate incident.
The Savola Group announces a fire incident that took place on Thursday afternoon 20th June 2013, in the raw sugar warehouse of United Sugar Company, Jeddah, one of The Savola Group's subsidiary companies.Dr. Abdulraouf Mannaa - CEO and MD of the Group explained that the fire incident in the raw sugar warehouse did not result any human injuries or casualties and no damage is in the main plant. Dr. Mannaa reaffirms that this fire incident will not affect the Group's financial projected results for the year 2013. While the warehouse, raw materials and losses are fully insured, damages will be evaluated and InshaAllah, we will start the production in short period. Dr. Mannaa stressed that this incident will not have any major effect on the sugar availability in Saudi market, during the month of Ramadan or increase in sugar prices as well. He reaffirms the Savola Group's commitment to continue providing for the needs of the Saudi market despite this unfortunate incident.
© Tadawul 2013
