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The 20 businessmen accused of stock market manipulation

General Prosecutor Dr. Talaat Ibrahim ordered the freezing of assets of 23 Egyptian and Saudi Arabian businessmen.
Alaa and Gamal Muabarak
Sons of ousted President Mubarak are among the accused - Photo via Politico

News portal AlYoum AlSabee published the names of the businessmen accused of manipulating the stockmarket:


1. Ayman Ahmed Fathy Hussein Soliman, former CEO of EFG-Hermes

2. Ahmed Fathy Hussein Soliman, son of EFG-Hermes’ CEO

3. Yasser Soliman Hesham ElMallawany, Chief Executive Officer and Director of Commercial International Investment Company S.A.E (CIIC)

4. Ahmed Naeem Ahmed Badr, former Board Member of ElWatany Bank

5. Hassan Mohamed Hassanein Heikal, Chief Executive of EFG-Hermes


6. Gamal Mubarak, son of ousted President Mohamed Hosny Mubarak

7. Alaa Mubarak, son of ousted President Mohamed Hosny Mubarak

8. Mohamed Ali ElQadi

9. Hussein Lotfy Sobhy ElSherbiny, former Board Member of ElWatany Bank and current Managing Director of HC

10. Soliman Abdel Mohsen ElBibany


11. Hassan Abdel Rahman Hassan ElSharbatly, son of Chairman of Nahla for Trade and Real Estate

12. AbdelRahman Hassan ElSharbatly, Chairman of Nahla for Trade and Real Estate

13. Gharaam Allah Radaad Said ElZahrany, Chairman of Zahran Holding Company

14. Hesham Helal Sadek ElSeweidy, Head of Energia for Steel Industries

15. Hoda Abbaas Mahmoud AbdelKarim of the Arab Dairy Products Company


16. Hesham Hussein Atta

17. Moayed Radrad ElZahrany

18. Idarous Hassan ElSawy

19. Haidi Mohamed Magdi Rasekh, wife of Gamal Mubarak

20. Eissa Hammad Aleish


21. Khaled Mostafa Abdel Hady ElQady

22. Sara Khaled Mostafa Abdel Hady

23. Anas Ahmed Nabih ElFekky, former Minister for Information