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اليوم السابع
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Baraka Trading Blocks Zaki Family and Affects Panda Accounts
The article discusses the disputes among major shareholders of Al Arabiya for Dairy Products (Banda), particularly between the Zaki family, which holds the largest stake and has significant management influence, and Baraka Trading and Investment Company, one of the major shareholders seeking to strengthen its role in overseeing the company. The conflicts surfaced during the convening of the ordinary general assembly, where Baraka objected to procedural measures and submitted inquiries, only to face rejection from the company's management. Additionally, the voting results showed that Baraka opposed nearly all agenda items, with the shares it represented accounting for about 20% of the attending stocks. This highlights the tension between minority and majority shareholders and its implications for the company's management, amid growing debate over shareholders' rights and the limits of controlling shareholder authority in the Egyptian financial market.
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