EX-PM Shafiq’s Family Total Shares In EGX Worth EGP 300: Sources

The former presidential candidate Ahmed Shafiq and his family has a total number of shares ranges between 50 and 60 worth three hundred Egyptian pounds in one of the firms listed in the Egyptian Exchange, reliable sources told Amwal Al Ghad.

The sources further said Shafiq alongside his three daughters Sherine, Maye and Amira currently do not own any shares or bonds in the country’s stock market except for an amount ranges between 50 and 60 owned by the former presidential candidate’s deceased wife Azza Mohamed Tawfiq Abdel Fattah.

It is worth noting that the Assistant to Egypt’s Minister of Justice for Illicit Gains Authority Affairs, ordered on Tuesday  to Shafiq alongside his three daughters from disposing of their stocks, bonds and securities in the stock market.

Also on Tuesday, the Egyptian Exchange (EGX) said the decree also includes all their liquid assets. Accordingly, the IGA’s rule was circulated to all the brokerage firms as well as the mutual funds in order to keep track of Shafiq and his daughters’ transactions.

The IGA’s decree comes after investigating Complaint No. 115/2012 . The decree also includes all the forms of disposing the assets; the bare trustee, the nominee or the beneficial ownership.