Saveto Group was established 40 years ago as a Saudi-European joint venture with the leading manufacturer of drymix building finishing materials & specialty chemicals in northern Europe. In 1991 Rashed Al-Rashed Group took over the full ownership of Saveto, becoming the first Saudi company offering the full range of advanced finishing dry mix materials to the local market under the Vetonit brand in the middle east. Today; Saveo is the leading manufacturer of drymix finishing materials as well as professional specialty building products and systems in the MENA region operating 12 state of the art factories thoughout Saudi Arabia, Egypt, UAE and Jordan. Saveto's distribution network and support offices cover all areas in the Kingdom of Saudi Arabia, GCC countries, Middle East and North Africa. Vetonit range of products includes: Waterproofing Products Concrete Grouts, Repair and Enhancement Systems Flooring & Coating Systems Wall and Facade Systems Civil Sealants Finishing Building Products (Plaster mixes, tile adhesives and grouts, bonding agents, coatings,...etc).
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The Saveto Group annual revenue was $370.7 million in 2026.
Ahmad Eljammal is the CFO of Saveto Group.
623 people are employed at Saveto Group.
Saveto Group is based in Riyadh, Ar Riyad.
The NAICS codes for Saveto Group are [42, 4246, 424690, 424, 42469].
The SIC codes for Saveto Group are [516, 51].