Baladna, a Qatar Public Shareholding Company, acquired a 5% stake in the Egyptian Juhayna Food Industries Company, which is a company listed on the Egyptian Stock Exchange, through several purchases of shares from the market.In a statement published on the Qatar Stock Exchange website on Monday, Baladna said that the number of shares acquired amounted to about 47.117 million shares, with a total investment of about QR 67.085 million.The statement indicated that the investment decision was based on a very accurate analysis of the market that the company seeks to enter, as the Egyptian market, with a population of more than 100 million people, is a large and promising market for the food and beverage sector. Juhayna is expected to achieve greater returns in light of the expected market growth and the availability of a strong distribution network.Juhayna Food Industries is the Egyptian company specialized in the production, processing and packaging of dairy, juice, and cooking products.Since its founding in 1983, it has secured a frontrunner position in the dairy and juice industries in Egypt and has expanded its presence in the Middle East.Baladna also announced that it has signed a memorandum of cooperation (MoC) with Inter Plastic, one of the leading plastic packaging factories in Qatar, to supply plastic packaging material, that meet international standards and are locally manufactured.