{"id":581547,"date":"2023-02-15T00:00:00","date_gmt":"2023-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/juhayna-shares-soar-as-seif-thabet-reappointed-ceo\/"},"modified":"2023-02-15T00:00:00","modified_gmt":"2023-02-15T00:00:00","slug":"juhayna-shares-soar-as-seif-thabet-reappointed-ceo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/juhayna-shares-soar-as-seif-thabet-reappointed-ceo\/","title":{"rendered":"Juhayna shares soar as Seif Thabet reappointed CEO"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Juhayna Food Industries<\/span><span style=\"\"> has reinstated <\/span><span style=\"font-weight:700\">Seif El Din Thabet<\/span><span style=\"\"> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/seif-thabet-b3773a25\/\" style=\"\">LinkedIn<\/a><\/span><span style=\"\">) as CEO and <\/span><span style=\"\">vice <\/span><span style=\"\">chairman,<\/span><span style=\"\"> according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/14-02-2023-Juhayna-EN.pdf\" style=\"\">EGX disclosure (pdf)<\/a><\/span><span style=\"\">. He has also been appointed as a board member of Pharon Investment Limited, which <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2016\/02\/25\/ma-spree-efg-hermes-buys-tanmeyah-danone-buys-halayeb\/\" style=\"\">owns a 52% stake<\/a><\/span><span style=\"\"> in Juhayna. This comes after Thabet and his father Safwan were <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/22\/juhayna-founder-son-released-from-prison-94061\/\" style=\"\">released from prison<\/a><\/span><span style=\"\"> last month after spending more than two years in pre-trial detention on charges of joining and funding a terror organization. Thabet is taking over from <\/span><span style=\"font-weight:700\">Niels Thomsen<\/span><span style=\"\"> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/niels-thomsen-5676b068\/\" style=\"\">LinkedIn<\/a><\/span><span style=\"\">), who will now become the company\u2019s managing director. The dairy giant\u2019s shares <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/14\/what-the-markets-are-doing-on-14-february-2023-96837\/\" style=\"\">rose 7.7%<\/a><\/span><span style=\"\"> following the announcement on Tuesday.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thabet is taking over from Niels Thomsen, who will now become the company\u2019s managing director<\/p>\n","protected":false},"author":1,"featured_media":581548,"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":[7231],"tags":[72,1027,206,6692,3730],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam","tag-juhayna","tag-moves","tag-niels-thomsen","tag-seif-thabet","wpautop","entry"],"acf":{"mongo_id":"a7e79bed-140d-43ec-b2c2-758e9c058174","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/Seif-Thabet-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581530],"teaser":"Thabet is taking over from Niels Thomsen, who will now become the company\u2019s managing director","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.a2b74dc8-aa97-40b8-8636-0f38fa632dd7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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 &quot;CURRENT AFFAIRS&quot;","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":581547,"position":1},"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 &quot;EGYPT IN THE NEWS&quot;","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":633056,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/juhayna-plans-to-tap-into-new-export-markets-in-middle-east-and-africa-this-year\/","url_meta":{"origin":581547,"position":2},"title":"Juhayna plans to tap into new export markets in Middle East and Africa this year","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"Juhayna hopes to start exporting to Palestine, Iraq, Libya, Jordan, Lebanon, and Ethiopia this year as part of its plan to double its exports, CEO Seif Thabet tells Al Shorouk. Exports currently make up around 6% of Juhayna\u2019s sales, Thabet added.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559898,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/juhayna-shares-tumble-on-news-of-ceos-arrest\/","url_meta":{"origin":581547,"position":3},"title":"Juhayna shares tumble on news of CEO\u2019s arrest","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;CURRENT AFFAIRS&quot;","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":579007,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/juhayna-founder-son-released-from-prison\/","url_meta":{"origin":581547,"position":4},"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 &quot;EGYPT IN THE NEWS&quot;","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":[]},{"id":567864,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/hesham-gadallah-appointed-ceo-chairman-of-orascom-pyramids-juhayna-taps-mohamed-el-dogheim-as-juhayna-non-exec-chairman\/","url_meta":{"origin":581547,"position":5},"title":"Hesham Gadallah appointed CEO, chairman of Orascom Pyramids; Juhayna taps Mohamed El Dogheim as Juhayna non-exec chairman","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"Orascom Pyramids, which is in charge of the Giza Plateau development plan, has promoted its development officer, Hesham Gadallah (LinkedIn), to chairman and CEO, succeeding Ashraf Halim, the company announced in a statement (pdf). Gadallah has over 22 years of experience in business development and consulting, holding senior roles at\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581547","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=581547"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581547\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581548"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581547"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581547"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}