Egypt’s Cleopatra Group Chairman Selling Assets, Ahram Gate Says
Egyptian businessman Mohamed Abou El Enein, chairman of Ceramica Cleopatra Group and a former member of ousted president Hosni Mubarak’s party, plans to sell all his assets in the country, state-run Ahram gate reported, citing a statement from the company’s media department.
Abou El Enein was banned from travel by the public prosecutor, which is investigating allegations his company violated a collective labor agreement, withheld pay and tried to stop workers from doing their jobs, according to a July 5 statement from the prosecutor.
The producer of tiles and sanitary ware employed 12,000 workers and exported to more than 100 countries as of 2008, according to its website.
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