Court ruling against Safwan Thabet does not affect company -Juhayna

The court ruling against Juhayna Food Industries Chairman Safwan Thabet concerns him personally, and does not impact companies where he is a shareholder, the company said in a statement yesterday. The EGX had temporarily halted trading on Juhayna’s stock and required clarification on the impact of the decision by the Cairo Criminal Court to place Thabet on a terror watchlist and freeze his personal assets. The court ruling was handed down in absentia and Thabet was not officially notified, the statement from Juhayna explained, and he will appeal the ruling before the Court of Cassation.