Safwan Thabets Juhayna stake surged 81.89 million in 58 days, lifting his fortune to nearly 600 million.
Juhayna shares gained 16.7 since June 19, raising market cap to 571 million on the Egyptian Exchange.
Despite the rebound, Juhayna stock remains down 13.3 year-to-date, leaving investors cautious on sustained growth.
Egyptian multimillionaire Safwan Thabet, a prominent figure in North Africas consumer goods sector, has witnessed a sharp rebound in his fortune as shares of Juhayna Food Industries rallied on the Egyptian Exchange EGX.
Thabet, who controls 50.1 percent of Juhayna through Pharon Investments Limited, has added EGP3.95 billion 81.89 million to his fortune over the past 58 days. The surge has pushed the market value of his stake to nearly 600 million, restoring momentum after months of volatility in the consumer goods sector.
The latest upswing marks a reversal of earlier losses. Between April 14 and May 11, the billionaire investor saw his stake value decline by 44.99 million, dropping from EGP15.54 billion 306.98 million to EGP13.26 billion 262 million amid weak investor sentiment.