Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Egypt
  4. Egyptian Exchange
  5. Juhayna Food Industries S.A.E.
  6. News
  7. Summary
    JUFO   EGS30901C010

JUHAYNA FOOD INDUSTRIES S.A.E.

(JUFO)
  Report
End-of-day quote. End-of-day quote Egyptian Exchange - 07/29
5.6 EGP   -0.53%
02/07CEO of Egypt's Juhayna detained, share price tumbles
RE
01/29JUHAYNA FOOD INDUSTRIES S.A.E.(CASE : JUFO) dropped from EGX 30 Index
CI
01/20Juhayna Food Industries Announces Board Changes
CI
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CEO of Egypt's Juhayna detained, share price tumbles

02/07/2021 | 11:03am EDT
An employee works with juice and milk products at a Juhayna factory on the outskirts of Cairo

CAIRO (Reuters) - Shares in Egypt's Juhayna Food Industries dropped sharply in early trading on Sunday after the company said a second top official had been called for questioning and detained.

The company, Egypt's largest dairy products and juices producer, confirmed the detention of CEO and deputy chairman Seifeldin Thabet in a disclosure to Egypt's bourse regarding a pending investigation into his father, ex-chairman Safwan Thabet, who was arrested in December.

"The company has no further information regarding the detention/investigation to disclose at this point," Juhayna said.

It said the investigation against Safwan Thabet regarded "personal accusations unrelated to the company".

Thabet's lawyer was not immediately available. A spokesperson for Juhayna said the company had no further comment.

Juhayna's shares tumbled 17% as trading opened on Sunday and were 10.55% down when the stock exchange closed at 1200 GMT.

Two security sources and a judicial source said Seifeldin Thabet was detained late on Saturday as part of investigations into alleged financing of terrorist groups.

In 2015 a judicial committee established by the government issued a decision ordering the seizure of Safwan Thabet's assets due to alleged links to the Muslim Brotherhood, which is banned and listed as a terrorist organisation in Egypt.

Security sources told Reuters in December that Juhayna's chairman was detained for alleged "financial irregularities". The Interior Ministry has not commented.

After Safwan Thabet's arrest, Juhayna appointed his son, Seifeldin, as acting chairman. It later appointed Mohamed el-Dogheim as chairman.

(Reporting by Ehab Farouk, Patrick Werr and Ahmed Mohamed Hassan; Writing by Aidan Lewis; Editing by Hugh Lawson and Elaine Hardcastle)


© Reuters 2021
All news about JUHAYNA FOOD INDUSTRIES S.A.E.
02/07CEO of Egypt's Juhayna detained, share price tumbles
RE
01/29JUHAYNA FOOD INDUSTRIES S.A.E.(CASE : JUFO) dropped from EGX 30 Index
CI
01/20Juhayna Food Industries Announces Board Changes
CI
2020Juhayna Food Industries Appoints Seifeldin Thabet as Acting Chairman
CI
2020JUHAYNA FOOD INDUSTRIES E : Egypt's Juhayna appoints acting chairman after the a..
RE
2020Juhayna Food Industries S.A.E. Reports Earnings Results for the Third Quarter..
CI
2020JUHAYNA FOOD INDUSTRIES S.A.E. : 3rd quarter report
CO
2020JUHAYNA FOOD INDUSTRIES S.A.E.(CASE : JUFO) added to S&P Global BMI Index
CI
2020JUHAYNA FOOD INDUSTRIES S.A.E.(CASE : JUFO) added to S&P Pan Arab Composite
CI
2020Juhayna Food Industries S.A.E. Reports Earnings Results for the Second Quarte..
CI
More news
Financials
Sales 2020 7 643 M 488 M 488 M
Net income 2020 470 M 30,0 M 30,0 M
Net Debt 2020 833 M 53,2 M 53,2 M
P/E ratio 2020 11,1x
Yield 2020 5,25%
Capitalization 5 272 M 336 M 336 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,71x
Nbr of Employees 5 700
Free-Float 49,2%
Chart JUHAYNA FOOD INDUSTRIES S.A.E.
Duration : Period :
Juhayna Food Industries S.A.E. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JUHAYNA FOOD INDUSTRIES S.A.E.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 5,60 EGP
Average target price 10,10 EGP
Spread / Average Target 80,3%
EPS Revisions
Managers and Directors
Seif El Din Safwan Ahmed Thabet Deputy Chairman & Chief Executive Officer
Sameh El-Hodaiby Group Chief Financial Officer
Ahmed Mohamed Ahmed El Wakil Independent Non-Executive Director
Heba Safwan Ahmed Thabet Executive Director & Head-Business Development
Mohamed Abdullah Mohammed Al-Deghaim Non-Executive Director