The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations. DUBAI: Saudi Arabia’s Savola Group has completed the full acquisition of Emirati snack maker Bayara Holding, in a deal worth SR975 million ($260 million). The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations. Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom.