Safwan Thabets stake in Juhayna has plunged by EGP2.28 billion 44.99 million over the past 26 days, bringing its market value down to approximately 260 million.
Juhaynas share price slump, eroding the companys market cap below 550 million and inflicting multimillion-dollar losses on shareholders.
Juhaynas stock is down 16.03 in 2025 a 100,000 investment at the start of the year would now be worth just 93,730, underscoring ongoing investor caution.
Egyptian businessman Safwan Thabet, one of North Africas most prominent names in the consumer goods sector, has seen a sharp drop in his fortune. A recent slide in the share price of Juhayna Food Industries on the Egyptian Exchange EGX has pulled the value of his stake below 300 million, marking a difficult turn for the veteran entrepreneur.
Thabets Juhayna stake dips below 300 millionThabet, a well-known investor and majority shareholder 50.1 percent in Juhayna Food Industries through Pharon Investments Limited, has watched the value of his stake slump by EGP2.28 billion 44.99 million over the past 26 days. His holdings are now worth around 260 million.
This adds to earlier losses recorded between Feb. 24 and Apr. 8 , when his holdings declined by 65.16 million, from EGP18.15 billion 353.31 million to EGP14.8 billion 288.16 million, as investor sentiment weakened amid concerns over sweeping U.S. tariffs.
Juhayna shares fall 14.65, costing Thabet 45 millionFounded more than 40 years ago by Safwan Thabet, Juhayna has grown into one of Egypts leading producers of dairy products, juices, and packaged foods. But despite its long-standing reputation, investors on the EGX have been steadily cutting back their holdings in the company.
Over the past 26 days, Juhaynas share price has declined by 14.65 percent, dropping from EGP32.96 0.65 on April 14 to EGP28.13 0.56. This decline has pushed the companys market capitalization below 550 million and inflicted multimillion-dollar losses on shareholdersincluding Safwan Thabet.