-
From London.. Former Brotherhood Official Reveals Group's Money Management Secrets
-
Brotherhood appears to have succeeded in ensuring continuity of funds management through inheriting financial positions within specific trusted families

The departure of Muslim Brotherhood financial officer Youssef Nada, director of the group's overseas funds, left questions and concerns among group leadership about any Brotherhood figure's ability to fill the void he left.
Major General Mohsen Al-Fahham, former deputy head of State Security Investigations, revealed in exclusive statements to "Al-Arabiya.net/Al-Hadath.net" that someone currently holds this position unofficially, even during Nada's prominent period: Brotherhood leader Osama Farid Abdel Khaliq, based in London, who manages the group's funds and treasuries in Europe and all its economic activities there.
Al-Fahham mentioned that Osama Farid's role represents an extension of his father Farid Abdel Khaliq's path, who initiated establishing economic facilities for the group outside Egypt, especially in Europe and America, in cooperation with Nada, adding that as Farid Abdel Khaliq aged and distanced from the group for long periods, his responsibilities transferred to his sons: Ahmed and Osama, without giving them organizational positions in the Brotherhood.
Osama Farid emerged publicly in Egypt during Brotherhood rule when establishing the Egyptian Businessmen Association in 2012, leading its members with Hassan Malek, Abdel Rahman Saudi, Samir Al-Najjar, and Essam Al-Haddad, aiming to employ and manage the group's funds locally and abroad in car assembly, real estate, pharmaceuticals, and software sectors.
The Brotherhood financial officer holds British citizenship and has been based in England since the early 1980s, heading many Brotherhood institutions and entities in Britain and other European countries, and hosted group leaders fleeing Egypt after President Anwar Sadat's assassination.
Osama Farid's dominance over economic, commercial, and investment decisions of group funds was completed after the arrest of Deputy Supreme Guide Khairat Al-Shater, while the Brotherhood mourned Nada, founder of its financial empire and one of its historical leaders, at age 94, including 77 years serving the group.
Levant-Agencies
You May Also Like
Popular Posts
Caricature
BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!