Sawani (company) explained

Sawani
Native Name:سواني
Type:Private
Native Name Lang:ar
Industry:Camel Dairy
Foundation:[1]
Location City:Riyadh
Location Country:Saudi Arabia
Founder:Public Investment Fund
Owner:Public Investment Fund
Subsid:Noug

Sawani is a camel dairy company based in Riyadh, Saudi Arabia. The company was founded in January 2023 by the Public Investment Fund as part of Saudi Vision 2030. Sawani is the parent company of Noug, a company specializing in camel dairy products.[2] [3]

History

Sawani was officially launched by the Public Investment Fund on January 20, 2023 as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil.[4]

In September 2023, Sawani's subsidiary "Noug" launched its first camel dairy product branch in Riyadh.[5]

In December 2023, Noug signed a MoU with Al Balad Development Company to provide its product to the visitors of the UNESCO World Heritage Site, Al-Balad.[6]

Swani launched two stores in Jeddah and Makkah on February 29, 2024.[7]

See also

External links

Notes and References

  1. News: . 2023-07-20 . PIF sets up company to support Saudi camel dairy industry . The National News . 2024-03-19.
  2. News: . 2023-07-20 . Saudi Arabia’s PIF launches Sawani to target camel milk industry growth . Arabian Business . 2023-03-19.
  3. News: . 2023-08-09 . Dates, Coffee and Camels—Saudi Arabia’s Sovereign-Wealth Fund Bets Big at Home . WSJ . 2023-03-19.
  4. News: . 2023-07-20 . Public Investment Fund launches new firm to unlock potential of Saudi Arabia’s camel dairy industry . Arab News . 2024-03-19.
  5. News: Al-Mutairi . Dhai . 2023-09-23 . Noug, Kingdom’s first camel milk brand, opens Riyadh store . Arab News . 2024-03-19.
  6. News: . 2023-12-10 . Al Balad Development Company and Sawani Company sign an MoU to supply “Noug” camel milk at Al Balad . Zawya . 2024-03-19.
  7. News: "سواني" تفتتح متجرين جديدين في مكة وجدة التاريخية "البلد". Sabq Online Newspaper.