Central Bank Seizes Assets of Saeb Nahhas

New decree informs all financial institutions operating in Syria to confiscate all assets belonging to the businessman

Syria’s Central Bank issued a decree to confiscate the "movable and immovable" assets of Saeb Shafiq an-Nahhas and his sons, Mohammed Sabih Saeb an-Nahhas and Hadi Saeb an-Nahhas.

The decree, numbered 1103, informs all public and private banks, including small financial institutions, operating in Syria to confiscate any accounts or assets belonging to the businessmen.

Translated and edited by The Syrian Observer


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