07-03-2022
Baladna has acquired a 5% stake in Juhayna Food Industries, a company listed on the Egyptian Stock Exchange, through several purchases of shares from the market. The following is a summary of the transactions:
The number of shares acquired to date is 47,116,563 shares
Total investment 285,802,001 Egyptian pounds (equivalent to 67,084,980 Qatari riyals)
Baladna, the leading dairy market leader in Qatar, has demonstrated resilient growth over the past three years. According to the strategy developed by the company, it wants to continue its growth path in the food and beverage sector within the State of Qatar in addition to expanding in other countries outside the country, through the establishment of new projects or the acquisition of existing projects, which enhances the value of shareholders' equity. Our investment decisions are based on a very careful analysis of the market we are seeking to enter. The Egyptian market, which has a population of more than 100 million people, is a large and promising market for the food and beverage sector. Being the market leader, Juhayna is expected to achieve greater returns in light of the expected market growth and the availability of a strong distribution network.”
About Juhayna Food Industries Company
Juhayna Food Industries is the leading Egyptian company specialized in the production, processing and packaging of a variety of dairy products, juices as well as culinary products. Since the company’s establishment in 1983, it has succeeded in occupying the forefront of dairy and juice markets in the Republic of Egypt and expanding in the Middle East markets, thanks to its continuous commitment to providing a wide range of healthy and safe food products characterized by its superior quality, which made it the preferred brand in all Egyptian homes.
A public joint stock company listed on the Egyptian Stock Exchange
ISIN: EGS30901C010
Total number of company’s shares to date: 941,405,082 shares.
Main address: Polygon District, Administrative Building No. 2, Beverly Hills, Sheikh Zayed, Giza, Egypt