Latest news with #Juhayna
Zawya
4 days ago
- Business
- Zawya
Egypt: Juhayna signs $38mln loan with CIB to finance citrus production line
Arab Finance: Juhayna Food Industries has signed a medium-term loan agreement with Commercial International Bank (CIB) worth $31.6 million and EGP 255 million, with a combined value equivalent to approximately EGP 1.9 billion, as per a disclosure. The loan will finance the purchase of a new citrus production line, in line with Juhayna's plans to expand its concentrate business. The facility carries a tenor of six years. The company said the investment supports its strategy to enhance operational capacity and productivity, increase exports, and move toward foreign currency self-sufficiency. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
26-03-2025
- Business
- Zawya
Egypt: Juhayna Food Industries reports 167.79% YoY hike in 2024 consolidated net profits
Arab Finance: Juhayna Food Industries (JUFO) posted a 167.79% year-on-year (YoY) surge in consolidated profit attributable to the parent company during 2024, according to financial statements filed to the Egyptian Exchange (EGX) on March 26th. The company's consolidated profit excluding minority interest increased to EGP 2.735 billion in 12 months to December 31st from EGP 1.020 billion a year earlier. Net sales surged to EGP 24.302 billion in January-December from EGP 15.536 billion in 2023. Furthermore, Juhayna reported a standalone net profit after tax of EGP 21.527 million from January to the end of December, compared to a net loss of EGP 4.096 million in the same period in 2023 Founded in 1983, Juhayna is an Egypt-based company specializing in producing, processing, and packaging dairy, juice, and cooking products. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-02-2025
- Business
- Zawya
Juhayna secures financing from Emirates NBD-Egypt
Cairo: Juhayna Food Industries penned a financing agreement exceeding EGP 1 billion with Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD. The EGX-listed company will use the facility to boost its working capital, support expansion strategy, and enhance operational efficiency, according to a bourse statement. Juhayna will finance the working capital of its units, namely Egyptian Dairy, Eldawleya Modern Food Industries Company, Egyptian Food Industries Company (EGYFOOD), and El Marwa Food Industries Company were merged into one entity. In November 2024, Juhayna merged four companies into its business to add new activities and scale up operations.
Zawya
10-02-2025
- Business
- Zawya
Juhayna's farm, Enmaa, succeeds in strengthening Its global presence at the Fruit Logistica Exhibition in Germany
Cairo – Juhayna Food Industries participated in the global Fruit Logistica exhibition, held in the German capital, Berlin, from February 5 to 7. This participation, through Juhayna's agricultural arm, Enmaa, reaffirms its commitment to innovation, sustainability, and quality while strengthening Egyptian agricultural exports. Enmaa's participation in Fruit Logistica aims to enhance its global presence, as the exhibition is the world's leading platform for fresh agricultural products. The event focuses on the entire value chain from producer to consumer, with a strong emphasis on innovation and smart farming. Enmaa showcased a range of its citrus produce, with a focus on oranges, as part of Juhayna's commitment to providing fresh, high-quality products to the global market. Enmaa serves as a model for sustainability and agricultural excellence. Established in 2008, the farm spans 7,686 acres in the Farafra region of the New Valley Governorate. The farm acts as the agricultural arm of Juhayna Food Industries, utilizing the latest eco-friendly farming techniques, including drip irrigation systems. Additionally, the farm has a live satellite system that collects data on irrigation and water usage, ensuring optimal resource utilization and enhancing crop productivity. Mohamed Hammad, External Markets Director at Juhayna Food Industries, expressed his pride in the company's participation in Fruit Logistica, saying: 'Our participation in this event aligns with Juhayna's strategy to fortify its role as a key contributor to the development of Egypt's agricultural sector. Through Enmaa, we are committed to delivering sustainable, high-quality products that meet the demands of both local and international markets. We embrace innovation and adopt best global practices to achieve sustainable agricultural development, while also supporting Egypt's agricultural sector and boosting exports.' He stated: 'The export of oranges is one example of how we are contributing to Egypt's growing reputation as a leading supplier of premium agricultural products. In 2024, Egyptian agricultural exports achieved an unprecedented milestone, exceeding 8.6 million tons, reflecting the exceptional quality and global competitiveness of Egyptian agriculture.' It is worth noting that Enmaa Farm has recently obtained various prestigious international certifications, including GLOBAL G.A.P. (Version 6.0 SMART), GRASP (Version 2.0), and SPRING (Version 2.0), underscoring its commitment to sustainable and responsible farming practices. The farm has also successfully passed the SEDEX international audit, further enhancing its export opportunities and positioning it among the world's most distinguished farms.
