The transaction helps Afia International Company to establish itself as the largest player in branded edible oil in the world.

Jeddah, 24th November 2007: Dr. Sami Baroum, the Managing Director of the Savola Group ("Savola"), announced today that Afia International Company ("Afia"), a Savola subsidiary active in edible oil, has finalized the 100% acquisition of Yudum G?da Sanayi ve Ticaret A.?. ("Yudum"), one of the largest Turkish edible oil companies, owned by NBK Capital - the investment arm of NBK.

Savola and Afia have once again entrusted Swicorp with the capacity of the buy side exclusive financial advisor.

The total revenues of Yudum amounted to SAR 369M in 2006 and the net profit reached SAR 25M. The company's main brands are "YUDUM" and "SIRMA". The company enjoys a 25% domestic market share in sunflower and corn oil. The Turkish edible oil market is one the largest in the Central Asia region and Europe; one million metric ton of edible oil is consumed annually in Turkey.

Commenting on this strategic acquisition, Dr. Baroum said that: "Savola's presence in the Turkish market will strengthen Savola's current operational portfolio and its future expansion prospects in the MENA region and central Asia." He confirmed that: "This step will increase the Group's sales in the edible oil sector up to 1.4 million metric tonnes annually. With this acquisition Afia international has taken the lead in the edible oil market worldwide with its distinguished brands." Dr. Baroum added: "This step is the first step of the Group presence and expansion in the Turkish market and it will enhance the leading role of Savola in the food sector."

The transaction remains subject to the approval of the Turkish Competition Board.

-Ends-

About the Savola Group
The Savola Group is one of the leading industrial companies in Saudi Arabia. The Group's major holdings supply Saudi Arabia, the Middle East and North African countries with edible oils, sugar, fresh dairy products and restaurants serving fast foods. The Group owns what is considered the largest retail food chain in the Middle East - the Azizia Panda supermarkets.

About NBK Capital
NBK Capital is a leading investment and merchant bank in the Middle East region. NBK Capital employs 120 highly skilled finance professionals across the region in offices in Kuwait, Istanbul and Dubai. NBK Capital Equity Partners Fund, the first private equity fund managed by NBK Capital, invests in companies in the GCC, Turkey, Egypt and the Levant. Through an active ownership approach, provision of expansion capital and partnership with strong management, the Fund aims to build strong and enduring companies.

About Swicorp
Founded in 1987, Swicorp is an independent Corporate Advisory and Private Equity firm which provides a comprehensive range of Financial Advisory and Private Equity services to domestic and international businesses active in the MENA region. With twenty years of experience in Mergers & Acquisitions and Private Equity across the MENA region, Swicorp has established itself as one of the leading players in the MENA region's corporate advisory and private equity sectors. Headquartered in Riyadh, Swicorp also has offices in Jeddah, Geneva, Tunis, Dubai, Algiers and Tehran.

For further information, please contact:
SWICORP
David Rey
Managing Director, Advisory
Tel: (+41) 22 737 37 37
E-mail: drey@swicorp.com
Web: www.swicorp.com

© Press Release 2007