Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

Founder of Egypt’s Juhayna Food Industries and his son released from prison

Juhayna, a listed company, is the country's largest dairy products and juices producer.
23.01.23 | Source: Reuters

The founder and former CEO of Juhayna Food Industries (JUFO.CA) and his son were released from prison in Egypt on Saturday after about two years in detention, in a case that shook the business community as well as Egyptian and foreign investors.


Juhayna, a listed company, is the country's largest dairy products and juices producer.


After security and prison sources as well as a family member confirmed Safwan and Seifeldin Thabet's release, photos posted on social media showed them joyfully embracing relatives after returning home.

FREE NEWSLETTER