Sobhi Kaber Discusses Bank Fund Freezing and Restaurant Dispute
Sobhi Kaber, the owner of a well-known restaurant on the Nile Corniche, became embroiled in a financial crisis after selling his restaurant due to accumulated debts and the loss of his funds. His assets—his money in four banks and his apartment in Rosh Farg—have been seized in accordance with judicial rulings issued against him since last year. The sale of his property was valued at approximately 300 million Egyptian pounds to a well-known businessman, following a major scam that caused him to lose over 75 million pounds and accrue interest on his debts. Despite the crisis, Sobhi planned to recover by importing large quantities of corn and soybeans worth 200 million pounds, aiming to recoup his funds through a successful trade deal. He has expressed his determination to bounce back and open a new restaurant.
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