Juhayna: CEO Travel Ban Precautionary on Probes about Another Firm

Juhayna Food Industries (JUFO.CA) stated that the decision of travel ban imposed on its CEO Safwan Thabet is precautionary due to investigations about claim of a firm he was previously a shareholder in it.

The company added, in a release sent to the Egyptian Exchange (EGX) that, Thabet was personally sharing in this firm in 1996 with 3 % stake and a non-executive board member then he sold his stake and quit the board in 2004.

Juhayna asserted that, this firm is not one of its affiliates.