Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Court Lifts Egyptian Tycoon Safwan Thabet's Name off Terrorist List

Wed 08 Feb 2023 | 07:02 PM

On Wednesday, the Cairo Criminal Court decided to lift the businessman Safwan Thabet's name off the terrorist list.  The Founder and former CEO of Juhayna Food Industries, and his son Seif El-Din, were released from prison on Saturday, 21 January after two years in detention.

The two businessmen were accused of belonging to and funding a terrorist organization, which is associated with the Muslim Brotherhood. Additionally, their charges included assisting attacks on the army and police troops as well as their institutions, with the intention of destroying the country’s economy.

Thabet was arrested and kept in pretrial detention in December 2020, and two months later in February 2021, his son was also arrested.

Their arrest coincided with the arrests of other prominent businessmen, including Egyptian business mogul Sayed Ragab El-Sewerky, the owner of El-Tawheed and El-Nour department stores.

Egyptian company Juhayna Dairy was founded in 1983, initially producing dairy products and juice. Later in 2004, the company was merged into Juhayna Food Industries after its acquisition of five industrial companies, including a company for sales and logistics, and a company for managing agricultural and animal products.