{"id":562704,"date":"2021-06-03T03:47:19","date_gmt":"2021-06-03T03:47:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/"},"modified":"2021-06-03T03:47:19","modified_gmt":"2021-06-03T03:47:19","slug":"adq-could-be-eyeing-up-juhayna","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/","title":{"rendered":"ADQ could be eyeing up Juhayna"},"content":{"rendered":"<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>ADQ Holding looking at a stake in Juhayna?<\/strong> Abu Dhabi\u2019s sovereign wealth fund ADQ Holding is mulling the acquisition of an undisclosed stake in Egyptian dairy giant Juhayna, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-02\/abu-dhabi-s-adq-is-said-to-eye-stake-in-top-egyptian-dairy-firm?sref=mmeFTDW1\">Bloomberg<\/a> reports, citing unnamed sources with direct knowledge of the matter. The discussions are still at a preliminary stage and there\u2019s no certainity the fund will go ahead with the transaction, sources said.<\/p>\n<p><strong>ADQ would pick up Juhayna at a sharp discount to where it was trading just five months ago:<\/strong> The company\u2019s share price has plunged more than 40% since mid January, handing it a market cap of less than EGP 4 bn compared to EGP 6.7 bn earlier this year. Shares in the company suffered a huge <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f9a9b1f-69b7-4db0-b254-ccbd6ebf79d3\">17% intraday plunge<\/a> in February after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97cd926c-9da0-496b-b89d-f3d1474c7a2c\">CEO Seif Thabet was detained<\/a> in an investigation into alleged financing of terror groups (unrelated to his role at the company), just a few months after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/692e0dbb-bdc8-40ba-9fba-fb2926de93e9\">his father was detained<\/a> amid similar allegations. Juhayna\u2019s shares have been under pressure for the past two years, and are now worth less than a third of their peak in 2019.<\/p>\n<p><strong>Juhayna is also facing issues with the EGX after failing to report its 2020 financials.<\/strong> The bourse <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b008ce56-a392-4bee-9678-8e1988912054\">has moved the company to its \u201cD-list\u201d<\/a> until it receives its annual accounts, meaning investors cannot buy its stock on margin and it won\u2019t be on the list of stocks in which same-day trading is permitted. The company says it hopes to submit its financials by mid-June.<\/p>\n<p><strong>ADQ has been on an acquisition spree as of late<\/strong>, acquiring 100% of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d117b907-a3f9-4a75-80dc-b07748621d7a\">Amoun Pharma<\/a> in April in a USD 740 mn transaction, and investing USD 1 bn last year in retailer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/958aae17-9582-4af8-a183-ae322ccf304b\">LuLu\u2019s Egypt expansion<\/a>. It\u2019s also looking at investments in Egyptian meat and poultry business <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad79dcc4-e48b-492b-a3fc-e706b8fcb8cc\">Atyab<\/a> and gas stations operator <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d32e060-6886-4e50-912d-289c42928f40\">Wataniya<\/a>. Still, having amassed an estimated USD 110 bn in assets since its founding in 2018, the fund wants to make significant new investments over the next five years, CEO Mohamed Hassan Alsuwaidi told Bloomberg <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c19d4a2-09dd-4630-9337-bc0e08fbd385\">last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADQ Holding looking at a stake in Juhayna? Abu Dhabi\u2019s sovereign wealth fund ADQ Holding is mulling the acquisition of an undisclosed stake in Egyptian dairy giant Juhayna, Bloomberg reports, citing unnamed sources with direct knowledge of the matter. The discussions are still at a preliminary stage and there\u2019s no certainity the fund will go [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":562705,"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":[7363],"tags":[299,72,1027,7128,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-adq","tag-enterpriseam","tag-juhayna","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"e59166cb-e94c-4bfe-835f-5e3705485898","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/45.jpg","photo_position":"above","related_issue":[562700],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADQ could be eyeing up Juhayna - 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\/06\/03\/adq-could-be-eyeing-up-juhayna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ could be eyeing up Juhayna\" \/>\n<meta property=\"og:description\" content=\"ADQ Holding looking at a stake in Juhayna? Abu Dhabi\u2019s sovereign wealth fund ADQ Holding is mulling the acquisition of an undisclosed stake in Egyptian dairy giant Juhayna, Bloomberg reports, citing unnamed sources with direct knowledge of the matter. The discussions are still at a preliminary stage and there\u2019s no certainity the fund will go [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T03:47:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/45.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADQ could be eyeing up Juhayna\",\"datePublished\":\"2021-06-03T03:47:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/\"},\"wordCount\":334,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/45.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADQ\",\"EnterpriseAM\",\"Juhayna\",\"M&amp;A Watch\",\"UAE\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/adq-could-be-eyeing-up-juhayna\/\",\"name\":\"ADQ could be eyeing up Juhayna - 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Bloomberg broke the news last night, quoting unnamed sources as saying ADQ Holding was looking to take a stake in Egypt\u2019s leading maker of dairy products. The report said the talks were at a preliminary stage,\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575455,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/adq-holding-could-be-in-the-running-to-close-out-a-major-acquisition-of-atyab\/","url_meta":{"origin":562704,"position":1},"title":"ADQ Holding could be in the running to close out a major acquisition of Atyab","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"M&A WATCH- ADQ Holding could be in the running to grab a majority stake in Ismailia for Agricultural Investments: Emirati state-owned investment firm ADQ Holding \u2014 formerly known as Abu Dhabi Development Holding \u2014 has reportedly submitted an offer to purchase a majority stake in frozen meats and poultry company\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575504,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/adq-holding-could-buy-amoun-pharma-for-usd-700-mn\/","url_meta":{"origin":562704,"position":2},"title":"ADQ Holding could buy Amoun Pharma for USD 700 mn","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"M&A WATCH- The Emirates\u2019 ADQ Holding could buy Amoun Pharma for USD 700 mn: Abu Dhabi\u2019s sovereign wealth fund ADQ is eyeing Bausch Health\u2019s unit in Egypt, AmounPharma, ahead of a potential acquisition with a price tag that could be north of USD 700 mn, Bloomberg reports, citing people familiar\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":606330,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/adq-may-need-to-make-an-mto-for-sidpec-following-its-merger-with-ethydco\/","url_meta":{"origin":562704,"position":3},"title":"ADQ may need to make an MTO for Sidpec following its merger with Ethydco","author":"enterpriseam admin","date":"14 September 2023","format":false,"excerpt":"ADQ is buying a 27% stake in Ethydco, which could translate into a controlling stake in the company formed when Ethydco merges with Sidpec","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/924.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609193,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/","url_meta":{"origin":562704,"position":4},"title":"ADQ finalizes acquisition of stakes in state-run petchem, drilling companies","author":"enterpriseam admin","date":"1 November 2023","format":false,"excerpt":"The Emirati wealth fund acquired 25-35% stakes in the three state-run firms for USD 800 mn","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1541.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676018,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/23\/adq-secures-indirect-majority-control-of-alexandria-container-cargo-handling-company\/","url_meta":{"origin":562704,"position":5},"title":"ADQ secures indirect majority control of Alexandria Container &#038; Cargo Handling Company","author":"enterpriseam admin","date":"23 November 2025","format":false,"excerpt":"The group funded the acquisition through a mix of banknotes and debt","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/303.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\/562704","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=562704"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562704\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562705"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562704"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562704"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}