Gov’t freezes assets of 19 companies affiliated to MB

CAIRO – 24 August 2017: Assets of 19 companies affiliated to the outlawed Muslim Brotherhood group were withheld by the government on Thursday per a January judicial ruling.

The government committee tasked with appraising and management of the Muslim Brotherhood funds has implemented the ruling after finalizing all the coordination procedures with banks and governmental entities to freeze the assets.

The list of the 19 companies, whose funds were proved to be affiliated to the Muslim Brotherhood, includes the Delta Group and its affiliation Radio Shack in Egypt, Mobile Shop and CompuMe Egypt.

All of the companies’ funds, properties and bank accounts were announced to be put on hold by the government, as per a notification sent to all banks, including the following names:

Delta RS Trading Company

CompuMe

Mobile Shop

Computer Shop Distribution Company for Trade

Deltec Company for Trade

Delta for Communication and trade

Delta for real estate and assets

Delta call center

Delta communication for trade

Delta Software

Delta Expo

Infinity for communication

Overseas Computers

American company for tourism Investment

Wisdom house for consultations

International delta group

Masr Alarabia website

Modern Technology Services Company

On December 2013, Muslim Brotherhoods were labeled as terrorist group by the Egyptian government. All of the group’s activities were banned according to the law; accordingly several legal procedures were imposed.