Key Factors
- Safwan Thabet’s Juhayna stake surged $81.89 million in 58 days, lifting his fortune to just about $600 million.
- Juhayna shares gained 16.7% since June 19, elevating market cap to $571 million on the Egyptian Trade.
- Regardless of the rebound, Juhayna inventory stays down 13.3% year-to-date, leaving buyers cautious on sustained development.
Egyptian multimillionaire Safwan Thabet, a distinguished determine in North Africa’s shopper items sector, has witnessed a pointy rebound in his fortune as shares of Juhayna Meals Industries rallied on the Egyptian Trade (EGX).
Thabet, who controls 50.1 % of Juhayna by Pharon Investments Restricted, has added EGP3.95 billion ($81.89 million) to his fortune over the previous 58 days. The surge has pushed the market worth of his stake to just about $600 million, restoring momentum after months of volatility within the shopper items sector.
The newest upswing marks a reversal of earlier losses. Between April 14 and Might 11, the billionaire investor noticed his stake worth decline by $44.99 million, dropping from EGP15.54 billion ($306.98 million) to EGP13.26 billion ($262 million) amid weak investor sentiment.
Thabet’s holdings method $600 million
Based greater than 4 many years in the past by Thabet, Juhayna Meals Industries has turn into one among Egypt’s largest producers of dairy, juice, and packaged items. Regardless of current issues that noticed some buyers trimming positions, the corporate’s shares have staged a formidable restoration.
The inventory has gained 16.73 % on the EGX over the previous 58 days, climbing from EGP25.10 ($0.52) on June 19 to EGP29.30 ($0.61). This surge pushed Juhayna’s market capitalization to $571 million, rewarding long-term shareholders and bolstering Thabet’s dominance in Egypt’s meals business.
Thabet’s holdings in Juhayna have risen from EGP23.63 billion ($489.36 million) on June 19 to EGP27.58 billion ($571.25 million), underscoring his resilience in a market formed by shifting shopper demand and strategic growth efforts.
Buyers stay cautious regardless of good points
Regardless of current good points, Juhayna’s shares stay down 13.34 % year-to-date, highlighting ongoing challenges within the Egyptian equities market. A $100,000 funding at first of 2025 would now be price simply $86,660, reflecting a paper lack of $13,340.
Nonetheless, Thabet’s restoration indicators renewed confidence within the firm’s development trajectory. With demand for dairy and packaged meals anticipated to climb, Juhayna stays well-positioned to navigate financial headwinds whereas delivering long-term worth to shareholders.
