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Qatari Baladna raises stake in Juhayna for EGP 12.4M

Qatari Baladna raises stake in Juhayna for EGP 12.4M

Arab Finance: Baladna, a Qatar-based publish shareholding company, has purchased 1.4 million shares in Juhayna Food Industries (JUFO) for EGP 12.39 million, raising its ownership in the Egyptian company to 10.138% from 9.99%, according to a bourse filing on May 25th.

The transaction was implemented through Financial Brokerage Group (FBG) at an average price of EGP 8.85 per share.

Founded in 1983, Juhayna is an Egypt-based company specialized in the production, processing, and packaging of dairy, juice, and cooking products.

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