Waleed Fatani takes helm as CEO of Savola

Waleed Fatani, CEO of Savola

Waleed Fatani started this week his role as the chief executive officer (CEO) of Savola Group, the leading strategic investment holding group for the food and retail sectors in the Middle East and North Africa (MENA) region.

Fatani said he was delighted with the appointment, adding: “Throughout 40 years of operations, Savola Group has succeeded to maintain its leading position in the food and retail market. I am honored to join Savola Group, to contribute to boosting its operations growth and help it maintain a solid position in line with its slogan “Value Built on Values.”

Fatani has an extensive experience of more than 25 years in investment, financial and banking industries. He served as the CEO of Saudi Fransi Capital. Fatani was previously group treasurer and capital markets and investments adviser at Abdul Latif Jameel (ALJ). Prior to that, he served as the general manager of Deutsche Bank’s Riyadh branch and group treasurer at Banque Saudi Fransi.

Fatani holds a Bachelor of Science in accounting from California State University, in 1993.

Savola Group was founded in 1979. It operates the Kingdom’s largest retail store chain. It produces everyday household staples in over 50 countries, including edible oils, sugar, macaroni, and frozen foods.