Safwan Thabet’s stake in Juhayna slumps below $300 million

Key Points

• Safwan Thabet’s stake in Juhayna has plunged by EGP2.28 billion ($44.99 million) over the past 26 days, bringing its market value down to approximately $260 million.
• Juhayna’s share price slump, eroding the company’s market cap below $550 million and inflicting multimillion-dollar losses on shareholders.
• Juhayna’s stock is down 16.03% in 2025; a $100,000 investment at the start of the year would now be worth just $93,730, underscoring ongoing investor caution.

Egyptian businessman Safwan Thabet, one of North Africa’s most prominent names in the consumer goods sector, has seen a sharp drop in his fortune. A recent slide in the share price of Juhayna Food Industries on the Egyptian Exchange (EGX) has pulled the value of his stake below $300 million, marking a difficult turn for the veteran entrepreneur.

Thabet’s Juhayna stake dips below $300 million

Thabet, a well-known investor and majority shareholder (50.1 percent) in Juhayna Food Industries through Pharon Investments Limited, has watched the value of his stake slump by EGP2.28 billion ($44.99 million) over the past 26 days. His holdings are now worth around $260 million.

This adds to earlier losses recorded between Feb. 24 and Apr. 8, when his holdings declined by $65.16 million, from EGP18.15 billion ($353.31 million) to EGP14.8 billion ($288.16 million), as investor sentiment weakened amid concerns over sweeping U.S. tariffs.

Juhayna shares fall 14.65%, costing Thabet $45 million

Founded more than 40 years ago by Safwan Thabet, Juhayna has grown into one of Egypt’s leading producers of dairy products, juices, and packaged foods. But despite its long-standing reputation, investors on the EGX have been steadily cutting back their holdings in the company.

Over the past 26 days, Juhayna’s share price has declined by 14.65 percent, dropping from EGP32.96 ($0.65) on April 14 to EGP28.13 ($0.56). This decline has pushed the company’s market capitalization below $550 million and inflicted multimillion-dollar losses on shareholders—including Safwan Thabet.

As a direct result of the downturn, Thabet’s stake has decreased by EGP2.28 billion ($44.99 million), falling from EGP15.54 billion ($306.98 million) to EGP13.26 billion ($262 million). Despite the recent decline, Thabet continues to rank among the wealthiest investors on the Egyptian Exchange.

Your money and your life

Year-to-date, Juhayna’s stock has declined by 16.03 percent, yet it still ranks among the most valuable companies on the EGX. A $100,000 investment at the start of 2025 would now be worth $93,730, reflecting a loss of $6,270 and underscoring ongoing investor caution.