Cabinet to establish committee to manage Brotherhood funds
Egypt's prime minister Hazem El-Beblawy - YOUM7 (Archive)

CAIRO: The government will set up an independent committee to manage the Brotherhood’s funds and properties, according to a statement released by the Cabinet on Wednesday.


The committee would be responsible for handling the funds and properties which have been legally confiscated through the court order.


In the statement, the Cabinet stressed that out of respect for Egypt’s judiciary system and rule of law, the government will not take any action regarding the Brotherhood’s disbandment until a higher court issues a permanent verdict.


A Cairo court issued a preliminary verdict dissolving the Brotherhood and confiscating the group’s assets on Monday, as well as banning all activities the Brotherhood organized, sponsored or financed.

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