{"id":559898,"date":"2021-02-08T03:52:59","date_gmt":"2021-02-08T03:52:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/"},"modified":"2021-02-08T03:52:59","modified_gmt":"2021-02-08T03:52:59","slug":"juhayna-shares-tumble-on-news-of-ceos-arrest","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/","title":{"rendered":"Juhayna shares tumble on news of CEO\u2019s arrest"},"content":{"rendered":"

Shares of dairy foods giant Juhayna <\/strong>plunged as much as <\/strong>17% in trading yesterday before regaining <\/strong>some ground<\/strong> to close the day down 10.6% on news of CEO Seif Thabet\u2019s arrest<\/a>on Saturday as part of what Reuters says is an investigation into the alleged financing of terror groups. Seif\u2019s father Safwan Thabet was arrested late last year<\/a> as part of a probe into what security officials described as \u201cfinancial irregularities.\u201d The company confirmed Seif\u2019s detention in an EGX disclosure (pdf)<\/a> Sunday, saying it had no further information to disclose.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of dairy foods giant Juhayna plunged as much as 17% in trading yesterday before regaining some ground to close the day down 10.6% on news of CEO Seif Thabet\u2019s arreston Saturday as part of what Reuters says is an investigation into the alleged financing of terror groups. Seif\u2019s father Safwan Thabet was arrested late […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9720],"tags":[2247,68,72,1027,3667,3730],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559898","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-current-affairs","tag-egx","tag-enterpriseam","tag-juhayna","tag-safwan-thabet","tag-seif-thabet","wpautop","entry"],"acf":{"mongo_id":"8f9a9b1f-69b7-4db0-b254-ccbd6ebf79d3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559881],"teaser":"","voice_url":""},"yoast_head":"\nJuhayna shares tumble on news of CEO\u2019s arrest - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Juhayna shares tumble on news of CEO\u2019s arrest\" \/>\n<meta property=\"og:description\" content=\"Shares of dairy foods giant Juhayna plunged as much as 17% in trading yesterday before regaining some ground to close the day down 10.6% on news of CEO Seif Thabet\u2019s arreston Saturday as part of what Reuters says is an investigation into the alleged financing of terror groups. Seif\u2019s father Safwan Thabet was arrested late […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T03:52:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Juhayna shares tumble on news of CEO\u2019s arrest\",\"datePublished\":\"2021-02-08T03:52:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CURRENT AFFAIRS\",\"EGX\",\"EnterpriseAM\",\"Juhayna\",\"Safwan Thabet\",\"Seif Thabet\"],\"articleSection\":[\"CURRENT AFFAIRS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/\",\"name\":\"Juhayna shares tumble on news of CEO\u2019s arrest - 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Seif is being questioned in the same case brought against his father, Safwan Thabet, late last year, on allegations of \u201cfinancing terrorism and\u2026","rel":"","context":"In "CURRENT AFFAIRS"","block_context":{"text":"CURRENT AFFAIRS","link":"https:\/\/enterpriseam.com\/egypt\/category\/current-affairs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567700,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/","url_meta":{"origin":559898,"position":1},"title":"Juhayna\u2019s Safwan Thabet is detained pending investigation","author":"enterpriseam admin","date":"3 December 2020","format":false,"excerpt":"Juhayna Chairman Safwan Thabet has been detained by authorities \u201cpending investigation,\u201d the FMCG giant said in a statement. The company said the arrest \u201cis not related in any way to the company, its daily operations, or management.\u201d Reuters cites an unnamed security source as saying the veteran businessman was arrested\u2026","rel":"","context":"In "CURRENT AFFAIRS"","block_context":{"text":"CURRENT AFFAIRS","link":"https:\/\/enterpriseam.com\/egypt\/category\/current-affairs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581547,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/juhayna-shares-soar-as-seif-thabet-reappointed-ceo\/","url_meta":{"origin":559898,"position":2},"title":"Juhayna shares soar as Seif Thabet reappointed CEO","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"Thabet is taking over from Niels Thomsen, who will now become the company\u2019s managing director","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Seif-Thabet-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567739,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/juhayna-el-tawheed-el-nour-bosses-face-charges-of-terrorist-group-funding\/","url_meta":{"origin":559898,"position":3},"title":"Juhayna + El Tawheed & El Nour bosses face charges of terrorist group funding","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Juhayna Chairman Safwan Thabet has been ordered detained for 15 days pending investigations on charges of allegedly joining and funding a terrorist organization, Al Masry Al Youm reports. Thabet was arrested on 3 December. His son Seif is now acting chairman of the company, which said last week its operations\u2026","rel":"","context":"In "CURRENT AFFAIRS"","block_context":{"text":"CURRENT AFFAIRS","link":"https:\/\/enterpriseam.com\/egypt\/category\/current-affairs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579046,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/juhayna-familys-release-continues-to-dominate\/","url_meta":{"origin":559898,"position":4},"title":"Juhayna family\u2019s release continues to dominate","author":"enterpriseam admin","date":"23 January 2023","format":false,"excerpt":"It\u2019s a very quiet morning for Egypt in the international press.Thabets\u2019 release continues to make headlines: The Financial Times and theAssociated Press are taking note of the release from prison of Juhayna founder and former CEO Safwan Thabet and his son Seif earlier this week.The chicken feet thing won\u2019t die:\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579007,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/juhayna-founder-son-released-from-prison\/","url_meta":{"origin":559898,"position":5},"title":"Juhayna founder + son released from prison","author":"enterpriseam admin","date":"22 January 2023","format":false,"excerpt":"Juhayna founding family released from prison: Reuters is reporting that the founder and former CEO of dairy foods giant Juhayna, Safwan Thabet, and his son Seif Thabet (who has long been active in the business and was CEO after his father\u2019s arrest) have been released from prison. Safwan\u2019s daughter Mariam\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/365.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559898"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559898\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559881"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559898"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559898"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}