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The Stock Exchange decided to stop trading the shares of Juhayna Food Industries on Wednesday 3-12-2020 until a statement is received from the company on the formation of the Board of Directors with the suspension of all offers and registered requests on the shares of the company before publishing the ad.
Juhayna Food Industries, Egypt’s largest producer of bottled dairy and juice, said Wednesday that Safwan Thabet, the company’s president, had been seized pending investigations.
The company added that it “does not have information about the content of the investigations and does not have any other information about it, and that Saifuddin Thabet is the vice president of the board of directors and the managing director and has all the powers and competencies necessary to manage the businesses of the company “.
The “Reuters” news agency reported that Safwan Thabet, chairman of the Egyptian Juhaina board of directors, was detained pending investigations.
“Reuters” said the reservation at Safwan Thabet had no impact on the company or daily operations.
He added that there is no information on the content of the investigations or any other information in this regard, and the board of directors has been summoned to an emergency meeting to take the necessary measures in this regard.
Journalist Ahmed Moussa commented on the arrest of businessman Safwan Thabet, saying: “The crimes of the Muslim Brotherhood, Safwan Thabet, occurred over the years.”
Moussa added, while hosting his show “On My Responsibility,” broadcast on the Sada Al-Balad channel on Wednesday night, that Safwan Thabet’s grandfather and uncle were leaders of the terrorist Brotherhood, adding that no one could create chaos in Egypt.
Journalist Ahmed Musa continued: “There is no rash on our head, and he who is against Egypt will not talk about it, and there is no problem. I fear no one but Almighty God.”
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