Safwan Thabet, executive chairman and co-CEO of Juhayna
Safwan Thabet, executive chairman and co-CEO of Juhayna


Juhayna's Chair Detained

02/12/2020

Safwan Thabet, executive chairman and co-CEO of Juhayna Food Industries, was detained pending investigation yesterday, and the reason for his detention has not yet been revealed to the company,

In a bourse filing, Juhayna said it had called for an emergency board meeting to mull the necessary measures to deal with the situation.

The food company stressed that detaining Thabet will not impact its day-to-day business.

As the vice chair and managing director, Seif El-Din Thabet, Safwan's son, has all authorities to run the company for the time being, Juhayna said.