Award
conferred by the Asia Pacific HRM Congress
JEDDAH, SAUDI ARABIA, 20 SEPTEMBER 2014: At the Asia Pacific HRM Congress, held in
Bangalore, India, it has been announced that Dr. Abdulraouf Mohammad A. Mannaa,
CEO & Managing Director of The Savola Group, A Saudi listed company in the
stock exchange, operating in the food and retail sector, has been presented
with the Visionary Leadership Award
at its annual awards ceremony.
The Visionary
Leadership Award, seen as the premier category at the ceremony, is a ringing
endorsement for Dr. Mannaa’s consistent and steadfast commitment to the Savola
Group during his tenure as CEO and Managing Director.
Throughout
Dr. Mannaa’s stewardship of Savola, the Group has reported record financial
performances, and achieved sustained and impressive growth. Coupled with this,
the Group’s progressive, forward thinking approach to CSR, steadfast commitment
to corporate governance, and the development of an empowering and prosperous
working environment for staff were cited as key success factors in the awarding
of this accolade.
Dr.
Abdulraouf Mohammad A. Mannaa, CEO & Managing Director, the Savola Group commented:
“It is always an honor to receive
recognition from one’s peers, and to accept the Visionary Leadership Award is
no different. During my tenure as CEO and Managing Director of the Savola
Group, we have always sought to remain true to our roots and heritage as a
proud Saudi company, but also to look forward.
“I view this award as recognition of the
efforts of the board of directors, the executive management team and all Savola
employees whose dedication, and relentless pursuit of perfection in all things,
continues to make the Group one of the top performers across all of the markets
in which we operate.”
Dr.
Mannaa holds a PhD in engineering from The University of Washington and a
Master’s Degree in Engineering from The University of California, Berkeley,
USA. He assumed the MD position of the Group in 2010, and has served in many
leadership positions within the Group over 18 years. Dr. Mannaa has led the Group
with integrity and generating prosperity for all its operations and activities
in KSA and overseas.
During Dr.
Mannaa’s tenure, the Group has achieved unprecedented financial performance, as
net profit from operations jumped from SR 933 million in 2010 to SR 1.57
billion in 2013, with an increase of 69%. Net operating profits have maintained
this substantial growth during the last three years (SR 933 million in 2010, SR
1 billion in 2011, SR 1.35 billion in 2012, and SR 1.5 billion in 2013).
Furthermore, analyst projections indicate that the operating net profit is
expected to reach SR 1.8 billion at the end of 2014.
