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Abu Dhabi, UAEWednesday 20 March 2019

Hussein Salem and family's assets

Targeted people are Hussein Salem, his wife Nazimh, his son Khaled and daughter Magda, grandchildren and other direct relatives.

From a court document on July 12, 2012, about Hussein Salem and his family's frozen assets and known assets abroad.

The targeted people are Hussein Salem, his wife Nazimh, his son Khaled and daughter Magda, as well as grandchildren and other direct relatives.

The assets include:

In Egypt

89 per cent of South Sinai Water Company

2.18 per cent of MIDOR oil refinery in Alexandria

100 per cent of Crocodile Company for Tourism Projects

100 per cent of Hotel Maritime Jolie Ville in Luxor

100 per cent of Naama For Golf and Tourism Investments

100 per cent of Hotel Maritime Jolie Ville Golf in Sharm El Sheikh

100 per cent of Maritime Sharm for Hotels and Management of Tourism Resorts

100 per cent of Victoria United for Hotels

100 per cent of Hotel Maritime Jolie Ville Resort & Casino

Shares at the Bank of the Suez Canal

Shares of Cairo Specialized Hospital Company

100 per cent of Executive Wings Aviation

Including a jet, registered SU-EWD, at Cairo International Airport

Money seized from bank accounts in Egypt: 45,379 Egyptian pounds, 4091 US dollars, 18730 Euros, 4170 Saudi reals, 370 Swiss francs, 30 British pounds (all had been deposited at Societe Generale bank in Heliopolis, Beirut Street)]

Ornaments, jewelry, gold coins, precious stones and watches seized at his residence, with an estimated value of 278,833 Egyptian pounds as of 7/3/2012

17 properties in Egypt, including villas within the Katameya Dunes residential compound on the outskirts of Cairo and other homes in Sharm El Sheikh and Egypt's north coast

Outside Egypt

Accounts at Credit Suisse, Geneva; National Bank of Abu Dhabi, Deira Branch; UBS Zurich; Societe Generale in Paris; Caja Madrid; Raiffesen Bank in Switzerland; Bank of China, Hong Kong;

Offshore companies

Coltex Trading, British Virgin Islands

Fordas Commercial Corp, British Virgin Islands

Clelia Assets Corp, British Virgin Islands and Panama

Maska SA, Switzerland

Galaxy Company, Switzerland

Victoria Aviation Ltd, Guernsey Channel Islands

Which owns Aircraft Falcon 2000, No. 208, which Hussein Salem used for his movements

Updated: October 24, 2012 04:00 AM

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