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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
Juhayna’s revenue, net income rise in 2Q 2023
Juhayna’s exports increased by almost 5x y-o-y in 2Q 2023
Qatar’s Baladna now owns 15% of Juhayna
Baladna is now Juhayna’s second largest shareholder
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