Safwan Thabet owns a majority 50.07-percent stake in Juhayna Food Industries.
Safwan Thabet
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Thabet owns 50.07 percent of the Egyptian-based consumer goods producer.
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Egyptian mogul Safwan Thabet’s Juhayna says price increases caused revenue to exceed $270 million in H1 2022
Thabet founded the Egypt-based food products manufacturer nearly 38 years ago.
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Thabet owns a majority 50.07-percent stake in the Egypt-based food products manufacturer.
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Thabet owns a majority 50.07-percent stake in the group.
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The dividend will be paid from Juhayna’s retained earnings of $65.48 million.
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Thabet owns a majority stake in the company, worth $194.7 million.
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The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
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Egyptian businessman Safwan Thabet’s Juhayna Food Industries reports higher earnings as profits surge
Juhayna Food Industries is a leading company specializing in producing, processing and packaging dairy, juice and cooking products.
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Stake of Egyptian businessman Safwan Thabet in Juhayna Food Industries gains $44.42 million
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.