Juhayna unveils strict regulations for board membership
Updated 10/30/2025 9:38:00 AM
Arab Finance: Mohamed Abdel Fattah, legal advisor to Juhayna Food Industries, affirmed that the right to run for a board membership is not absolute in accordance with Law No. 159 of 1981.
In a TV interview with Amr Adib's 'El Hekayah' aired on MBC, Abdel Fattah outlined that the set regulations prohibit combining board membership and engaging in similar activities to protect the confidentiality of information and the company's commercial interests.
Meanwhile, he asserted that no investor can be prevented from purchasing shares in the company, as it is a publicly traded joint-stock company.
However, share ownership is entirely different from board membership, which is subject to strict governance regulations aimed at preventing conflicts of interest and maintaining the transparency of the company's management.
The official elaborated that a board member engaging in any activity similar to the company’s business is not prohibited in itself, but it requires the approval of the general assembly.
In such case, they must disclose this information before running for office so that the general assembly can decide on their acceptance or rejection.
In response to a question about the company's opinion on the Financial Regulatory Authority's (FRA) decision to suspend the implementation of Article 22, he emphasized the company's full respect for the authority’s role and efforts in protecting shareholders' rights and maintaining the stability of the Egyptian capital market.
Juhayna is currently studying the details of the FRA’s decision to present it to the Board of Directors and take the necessary measures to ensure the protection of the company's and its shareholders' interests.
The EGX-listed company is a national entity with a wide range of products, through which it competes locally and regionally.
In the first half (H1) of 2025, Juhayna recorded consolidated net profits attributable to the owners valued at EGP 780.731 million, compared to EGP 1.479 billion in H1 2024.
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