Arrest
Thabet has had his assets frozen by the Egyptian courts since 2015 (except those in Juhayna since it is a publicly listed company) and was arrested in December 2020 on accusations of funding a terrorist group. The Egyptian public prosecution estimated his assets in 2015 to be around seven billion Egyptian pounds, roughly equaling US$900 million at the time. After his arrest, his son Seif started managing the company, before being arrested too in February 2021. Despite his arrest, Thabet and his family were able to still remain in control of the dairy company through a convoluted schema of ownership and internal net of employees all affiliated to the family. Thabet and his son were released in January 2023.References
{{reflist 1946 births Living people 20th-century Egyptian businesspeople 21st-century Egyptian businesspeople Egyptian company founders 20th-century Egyptian engineers 21st-century Egyptian engineers