Safwan Thabet's Stake In Juhayna Drops By 65 Million

Safwan Thabets stake in Juhayna has lost over 65 million in value amid a sharp stock decline on the Egyptian Exchange.

Juhayna shares have fallen 18.44 in six weeks, dropping the companys market value to under 580 million.

Despite losses, Thabet remains a top EGX investor Juhayna stock is still among the most valuable on the Egyptian Exchange.

Egyptian businessman Safwan Thabet, a well-known name in North Africas consumer goods industry, has taken a major hit. The value of his shares in Juhayna Food Industries Juhayna has dropped by over 65 million, as the company's stock continues to slide on the Egyptian Exchange EGX . Juhayna, which produces dairy, juice, and cooking products, has been facing sustained pressure in the market.

Thabet, a renowned figure among the nations top investors, who holds a majority 50.1 percent stake in Juhayna through Pharon Investments Limited, has lost EGP3.35 billion 65.16 million from his holdings over the past 43 days, dragging the market value of his stake below 290 million.

This downturn comes after a strong run earlier in the year. Between Feb. 4 and Feb. 24, Thabets stake jumped by 36.62 million , rising from EGP16.27 billion 321.69 million to EGP18.12 billion 358.31 million. But that brief surge has given way to renewed market jitters, as investors react cautiously to sweeping U.S. tariffs that have rattled confidence.

Founded 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 six weeks, Juhaynas stock has dropped by 18.44 percentslipping from EGP38.50 0.7496 on February 23 to EGP31.40 0.6113. The decline has knocked the companys market value down to under 580 million, erasing a sizable chunk of shareholder wealth in the process.