Baladna increases ownership in Egypt’s Juhayna to 10%
31 May, 2022
Baladna now owns 95.4 million QAR of Juhayna’s total shares.
Qatar’s leading and largest dairy producer Baladna Company has increased its ownership stake in Egypt’s Juhayna Food Industries to 10.1 percent, in a deal worth 2.5 QAR million, which equates to $686,624.
The 100%-owned Qatari firm has purchased 1.4 million shares in Juhayna, bringing the total investment in the latter to 139 million QAR, according to the Qatar Stock Exchange.
The purchase of a 10.1 percent stake was made through a series of transactions between July 13, 2021 and March 6, 2022.
In March, the Qatari dairy company acquired a five percent stake in Juhayna company for 67 million QAR. Juhayna is listed on the Egyptian Stock Exchange.
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