Saudi Arabia's Safoula Holding, whose share of the edible oil market in Iran was estimated at more than 50 percent, suddenly withdrew all of its capital from Iran.

Safoula had not left the Iranian market even after the events of January 2016 and the attacks on Saudi diplomatic facilities in Tehran and Mashhad.

In the mid-2010s, as tensions between Tehran and Riyadh increased, many media outlets close to the Islamic Republic called for a boycott of Saudi goods in Iran.

At that time, Savola was the owner of Savola Behshahr Company, and through this company, it supplied edible oils in the Iranian market under the brand names "Ladan", "Golden Ladan", "Bahar", and "Nastaran".

The group, which was the largest Saudi investment in Iran, recently sold all of its assets in Iran for 705 million Saudi riyals, equivalent to $188 million.
In a statement after the exit from the Iranian market, Savola said that this decision was made in line with the company's strategy to "exit non-key markets on time."

The Daneshjoo News Agency reported in January 2016 that Savola has taken over 35 to 60 percent of Iran's edible oil market.
In January 2021, IRIB News Agency in a report titled "The Mystery of Oil? Monopoly or Hoarding" wrote: "Most of Iran's vegetable oil market is monopolized by Savola Company.
According to this report, Savola plays a significant role in the Iranian oil market not only through Behshahr Industries, but also through the supply of raw materials for other edible oil production factories.