Seoudi, Zad supermarkets’ assets frozen for alleged MB ties
Zad supermarket - Photo courtesy of Zad supermarket official facebook page

CAIRO: The committee tasked with managing and seizing Muslim Brotherhood funds, headed by Advisor Ezzat Khamis, has decided to seize the assets of the Seoudi and Zad supermarket chains, alleging that the chains are owned by MB leaders, Youm7 reported.

Seoudi supermarkets are owned by Saudi Arabian businessman Abdel Rahman Seoudi, while Zad is owned by MB Deputy Supreme Guide Khairat el-Shater.

A group of subcommittees affiliated with the committee tasked with managing and seizing MB funds and backed by public security closed down and began inventorying some of the supermarkets’ locations in Giza and Cairo governorates Sunday.

Three police vehicles and special operations officers deployed in the vicinity of Seoudi Mall located on El Hegaz Street in  Mohandeseen to provide security for committee members investigating inside the branch.

Committee Secretary General Wadea’ Hana told Youm7 Sunday that the committee carried out a decision to seize the assets of Shater and Seoudi.

“The supermarket chains will be delivered to one of the State’s holding companies in order to run them without harming workers,” Hana said, adding that workers’ salaries and entitlements will not be cut.

Seoudi is allegedly one of the MB’s leaders and is a prominent owner of real estate and medical companies.

“The commercial registration of Seoudi and Zad supermarket chains cannot be cancelled unless there is a declaration of bankruptcy,” an official source inside the Chamber of Commerce told Al-Masry Al-Youm Sunday.

On Sept. 17, North Cairo Criminal Court upheld a decision by the attorney general to freeze the assets of prominent MB leaders along with several other Islamist politicians, including MB Supreme Guide Mohamed Badie and his deputies Shater and Rashad Bayoumi. On March 12, the committee decided to transfer the management of 22 of the group’s NGOs to the government.

The assets of 748 MB members had been frozen as of Jan 28, Youm7 reported.

Prime Minister Ibrahim Mahlab issued a decree on April 8 enforcing a Dec. 25, 2013 ruling which designated the MB as a terrorist organization and applied legal penalties to anyone who joined or continued to be a member of the group after the issuance of the decree.

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