Suez Canal Bank reveals Hussein Salem shares
Ahram Online, Thursday 24 Mar 2011
More details are coming out on the amassed wealth of close associates of ousted President Hosni Mubarak


The Suez Canal Bank stakeholders list has revealed that Egyptian business tycoon Hussein Salem owns 172,500 shares.

Salem is widely known as a close confidante of former President Hosni Mubarak and owns some of the most important touristic sites in Sharm El-Sheikh as well as shares in the East Mediterranean Gas Company (EMG), which exports Egyptian gas to Israel.

On 10 March, the Cairo Criminal Court confirmed a decision to freeze all the personal and family assets of Salem.

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