Baladna QPSC Increases Share Ownership in Juhayna Food Industries to 15%
Qatar-based company Baladna QPSC has recently increased its stake in Egypt’s Juhayna Food Industries, reaching a 15% ownership share. This move demonstrates Baladna’s commitment to expanding its presence in the food and beverage (F&B) market, both within and outside of Qatar.
On June 26, 2023, Baladna QPSC purchased 600,000 shares of Juhayna Food Industries, with a gross transaction value of EGP 7,379,132 (equivalent to QAR 872,299). As a result, Baladna’s stake in Juhayna has now reached 15.03%, equivalent to a total of 141,501,582 shares.
This acquisition of Juhayna shares is part of a series of transactions that began on July 13, 2021. Baladna steadily increased its stake, reaching 5% and 10% ownership on March 6, 2022, and May 24, 2022, respectively. The latest purchase on June 26, 2023, further solidifies Baladna’s position in Juhayna, making it a significant shareholder in the company.
Baladna is a market leader in Qatar’s dairy industry, experiencing consistent growth over the past four years. With a well-developed strategy in place, the company aims to continue its expansion within Qatar while venturing into F&B markets in other countries. By exploring greenfield and brownfield projects, Baladna strives to enhance shareholder value and capitalize on growth opportunities.
The decision to invest in Juhayna was based on a thorough market analysis. Egypt’s population of over 100 million presents a large and promising F&B market. Juhayna, being a market leader in Egypt, is expected to benefit significantly from this market growth, thanks to its robust distribution network and trusted range of high-quality products.
Juhayna Food Industries is a prominent manufacturer in Egypt, specializing in the production, processing, and packaging of dairy, juice, and cooking products. Since its establishment in 1983, the company has established itself as a frontrunner in Egypt’s dairy and juice industries. It has also expanded its presence in the Middle East, offering a wide range of trusted and nutritious products.
As a public listed company on the Egyptian Exchange (EGX), Juhayna has a total of 941,405,082 shares. The company’s headquarters are located in Beverly Hills, Sheikh Zayed, Giza, Egypt.
Baladna’s increased stake in Juhayna signifies a strategic move to capitalize on the growing F&B market in Egypt. By strengthening its partnership with Juhayna, Baladna aims to leverage its expertise and resources for mutual success. This acquisition aligns with Baladna’s goal of expanding its footprint in the F&B sector, both domestically and internationally.
In conclusion, Baladna QPSC’s recent purchase of additional shares in Juhayna Food Industries solidifies its position as a significant stakeholder in the company. This move showcases Baladna’s commitment to expanding its presence in Egypt’s F&B market and capitalizing on the country’s promising growth prospects.
