Egyptian businessman Safwan Thabet’s Juhayna posts $28.5 million in profit in 2021
Thabet owns a majority stake in the company, worth $194.7 million.
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Thabet owns a majority stake in the company, worth $194.7 million.
The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
Juhayna Food Industries is a leading company specializing in producing, processing and packaging dairy, juice and cooking products.
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.