Zad and Seoudi markets return work on Wednesday
Zad supermarket logo

CAIRO: The Food Industries Holding Company (FIHC) will finish the inventory of Zad and Seoudi markets Tuesday and the store branches will start working Wednesday, according to Ayman Salem, head of Masreya-Market that is affiliated to FIHC.

The committee tasked with managing and seizing Muslim Brotherhood funds, headed by Advisor Ezzat Khamis, decided to seize the assets of Seoudi and Zad supermarket chains on June 15. He claimed that the chains are owned by Brotherhood leaders; Seoudi supermarkets are owned by Saudi Arabian businessman Abdel Rahman Seoudi, while Zad is owned by Brotherhood Deputy Supreme Guide Khairat el-Shater.

“All branches will start working again with the same administration but financial supervision will be imposed,” committee general secretary Wadie Hanna said in an interview with CBC satellite channel Monday.

Salem said they found 70 percent of the workers do not have any contracts. Hanna said all the workers will remain with their job positions and “all their financial rights and the suppliers rights are preserved by the state.”

North Cairo Criminal Court upheld a decision by the attorney general on Sep. 17, 2013 to freeze the assets of prominent Brotherhood leaders along with several other Islamist politicians, including the 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 Brotherhood 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 Muslim Brotherhood 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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