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The Supply Ministry wants less imported wheat and more local wheat. PLUS: News from HSBC and Mountain View
The government is paying farmers EGP 2k per ardeb of wheat this harvest season
Juhayna’s bottomline grew 41% y-o-y in 1Q 2024
Higher export revenues and price hikes drove its revenues up by 68% y-o-y in the quarter
Gov’t pays back some of its dues to Pharos Energy. PLUS: News from Juhayna
The payment marks 27% of the EGPC’s dues by the end of last year.
Juhayna slashes prices by 15-18%
The move came after the gov’t agreed with suppliers and retailers to cut prices by 15-20% this week
Juhayna names Mohamed Sultan as centralized functions managing director, Karim Ibrahim as IR head
Both Ibrahim and Sultan have previously worked at the CIB
CIB + Juhayna earnings jump in 3Q, 9M 2023
CIB saw its net income jump 89% y-o-y in 3Q 2023, while Juhayna’s net income more than doubled
Khaled Daader is the new M&A, IR head at Rameda
Daader left his position at Juhayna Food Industries at the end of September.
Omar Shoukry is the new IR head of GSK. PLUS: Khaled Daader steps down at Juhayna
Daader, a longtime IRO, helped shepherd Juhayna through arrest and detention of the company’s founder as well as its CEO
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