Date: 4 January 2016 18:47
Savola, one of the few Saudi companies with a presence in Iran, may be sold; it has edible oil factories in Tehran.
Iran provided 11 percent of its total revenue in the third quarter of 2015 and the company's revenues for Iran totalled 2 billion riyals ($534 million) in the first nine months of 2015, according to Reuters data.
The United Arab Emirates and Iran have close economic ties; the UAE is Iran's fourth largest trading partner and the International Monetary Fund has estimated the lifting of economic sanctions on Iran early this year could add 1 percentage point to the UAE's gross domestic product growth between 2016 and 2018, simply by boosting non-hydrocarbon exports.
Dubai, with its sophisticated trading infrastructure, could grab most of that benefit - but any benefit could be reduced or delayed by politics. UAE port operator Dubai World is one stock that has risen in recent months on hopes for Iranian business.
Stay up to date with latest Iran news on our specialized Facebook page
Follow us on Twitter @TRENDNewsAgency