25-05-2022
Baladna announced its purchase on May 24, 2022, of 1,400,000 shares (total transaction value of EGP 12,390,000, equivalent to QR 2,480,854) in Juhayna Food Industries “Juhayna” (a company listed on the Egyptian Stock Exchange). Thus, Baladna's shareholding in Juhayna Company has reached 10.138%, which is equivalent to 95,442,802 shares.
The following is a summary of the investment as on May 24, 2022:
Number of shares purchased to date: 95,442,802 shares.
The total investment value to date is 635,047,187.87 Egyptian pounds (equivalent to 138,699,099 Qatari riyals).
We would also like to point out that the purchase was made through a series of transactions, the first of which was on 13/7/2021 and on 6/3/2022, in which Baladna reached a 5% stake in Juhayna's capital. After that, Baladna Company continued its purchase operations, thus raising its share in the Juhayna Company’s capital to reach on May 24, 2022 to 95,442,802 shares, which is equivalent to 10.138% of Juhayna’s total capital.
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 inside and outside Qatar, which will enhance the value of shareholders' equity.
Our investment decisions are based on a careful analysis of the market we seek to enter, and 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. Juhayna being a market leader, is expected to generate greater returns in light of the expected market growth and the availability of a strong distribution network.
About Juhayna
Juhayna Food Industries is the leading Egyptian company specialized in the production, processing and packaging of a variety of dairy and juice products as well as culinary products. Since the company was established in 1983, it has succeeded in occupying the forefront of the 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.
Other information about Juhayna:
A public shareholding company listed on the Egyptian Stock Exchange
International Securities Identification Number: 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 City, Giza, Egypt.