News

Chairman of Egypt’s Largest Producer of Juices and Dairy Products Has Assets Seized

Chairman of Egypt’s Largest Producer of Juices and Dairy Products Has Assets Seized

juhayna

The committee tasked with managing Muslim Brotherhood funds confiscated on Thursdays the assets of Juhayna’s chairman Safwan Thabet, all except for the food company.

The confiscation decision excluded Juhayna since it is a joint stock company, the committee’s chairman said in a press conference.

Juhayna carries out its activities normally, the committee’s chairman stressed.

Thabet’s shares at Juhayna will be frozen as soon as the stock exchange receives an official letter from the committee regarding the confiscation of his assets, the bourse chairman told the state news agency MENA.

Founded in 1983, Juhayna is considered Egypt’s largest producer of juices and dairy products. It caters to markets across Africa and the Middle East, and it also sells to European and United States markets to a lesser extent.

The committee to assess the Brotherhood’s funds was formed after a decision by an urgent matters court in September 2013, which banned the Brotherhood.

The ruling stipulates banning the activities of any association that is branched from the Brotherhood, that was founded by Brotherhood funds, or that receives any form of support from the Brotherhood.

The committee has so far confiscated the assets of 1345 members of the Brotherhood, its chairman said on Thursday.

Egypt listed the Brotherhood as a terrorist organisation in December 2013 and insists it is behind the wave of militancy which has targeted security personnel since July 2013.

The Brotherhood continuously denies the accusations.

Al-Arabiya News Continues to Plagiarize from Egyptian Streets
Bongo the Orangutan Dies in Giza Zoo from Heatstroke

Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Egypt ‘Appreciates’ and ‘Trusts’ Final Saudi Investigation into Khashoggi Killing

Egyptian StreetsNovember 16, 2018

Archaeological Mission Unearths Ancient Pregnant Woman Burial

Egyptian StreetsNovember 14, 2018

Egyptian MP to Submit Bill Omitting Religion from National IDs to Parliament

Egyptian StreetsNovember 12, 2018

British Parliament Encourages Lifting the Travel Ban Imposed on Sharm El Sheikh

Nour EltiganiNovember 11, 2018

Egyptian Film ‘Yomeddine’ Wins at Geneva Film Festival

Mirna AbdulaalNovember 10, 2018

UN: Food Aid to Be Doubled to 14 Million Yemenis to Avert Starvation

Mirna AbdulaalNovember 10, 2018

Bedouin Tribes of ‘Sinai Trail’ Get Backing From Egypt’s Ministry of Tourism

Mirna AbdulaalNovember 10, 2018

Egyptian Committee to Amend Controversial NGO Law

Nour EltiganiNovember 9, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.