EU sanctions watch

‹ All affected people in EgyptGamal Mubarakجمال مبارك

Portrait Gamal Mubarak

Gamal, Mubarak's younger son, who was said to be planning to succeed his father as a president, was educated at the American University of Cairo and spent six years working as an investment banker for Bank of America in Egypt and also in London. In London, Gamal and his wife Khadiga lived in a luxurious property in Knightsbridge. Gamal founded an investment advisory firm, Med Invest Partners, which helped Western investors seeking to purchase stocks and companies in Egypt. Together with his brother Alaa, he is alleged to have aquired his fortune by levying commissions on foreign companies. According to the Egyptian law, foreign companies were required to have local partners, which in most cases were connected to the Mubarak family or the ruling party. Alongside his father and brother, Gamal was initially sentenced for three years in prison for diverting millions of public money to maintain presidential palaces. In September 2018, Gamal was arrested, together with his brother Alaa, and accused of manipulating the stock market. 1, 2

Information

Identifying information
Son of Hosni Mubarak
Date of birth
28.12.1963
Place of birth
Egypt, Cairo
Country of residence
Egypt
First and middle name(s)
Gamal Mohamed Hosni
Family members
Hosni Mubarak (father), Suzanne Mubarak (mother), Khadiga el Gammal (spouse), Mahmoud Gamal Mubarak (son), Farida Gamal Mubarak (daughter)
Family members subject to sanctions
Suspected or confirmed links to legal entities

Pan World Investments Inc., Brick Nominees Limited, MedInvest Associates Ltd., Bullion Co. Ltd, EFG Private Equity 1, 2, 3, 4

Suspected or confirmed overseas properties

London, Paris, Marbella (Spain), Dubai, Beverly Hills (US) 1, 2

Suspected or confirmed links to bank accounts

Mubarak’s sons suspected of holding $340 million in Switzerland 1 , Germany, UK and the US 2, Cyprus and the British Virgin Islands 3

Estimates of assets frozen or confiscated

Mubarak’s sons suspected of holding $340 million in Switzerland 1

Estimates of assets returned

None

Type of sanctions
Asset freeze and prohibition to make funds available
Start of sanctions

21.03.2011