Last Update 12:24
Wednesday, 13 November 2019

Business tycoon Hussein Salem joins frozen assets list

The general prosecutor has decided to freeze the assets of Egyptian businessman Hussein Salem on suspicion of corruption

Eslam Omar, Thursday 10 Mar 2011
Hussien Salem
Views: 4012
Views: 4012

Cairo's Criminal Court confirmed in its Tuesday session a decision to freeze all the personal and family assets of well-known Egyptian businessman Hussein Salem.

The decision includes liquid and real estate assets, including stocks and bonds, until the court investigates charges raised against him.

Salem is an Egyptian businessman with investments in the fields of tourism and energy. He is the owner of most of Neama Bay hotels in Sharm El-Sheikh and is reported to be one of the closest friends of former Egypt President Mubarak and his son Gamal.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.