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
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
Infinity for communication
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.