The stock exchange stopped trading Juhayna shares … Details of businessman Safwan Thabet’s reservation

Juhayna Food Industries, Egypt’s largest producer of bottled and dairy juices, said Wednesday that Safwan Thabet, chairman of the company’s board of directors, has 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 Mr. Saifuddin Thabet is the vice president of the board of directors and the managing director and has all the necessary powers and competencies to manage the business of the company. ” A statement was received on the composition of the Board of Directors.

Juhayna was founded in 1983 and produces milk, yogurt and juices and exports its production to markets in the Middle East, America and European countries, the company said that the board of directors has been called to an emergency meeting to take the necessary measures in this regard.

Juhayna emphasized that the reservation on the president of its board of directors “has no effect on the company or its daily operations … and that it continues to carry out all its activities, supplying its products, maintaining its employees and its relations with all agencies. governmental and non-governmental while preserving the rights of its shareholders. “