The CEO and Chairman of the B.Laban Group Moamen Adel has responded to rumors spread on social media regarding the closure of the group’s chain of stores.
In a phone interview with TV host Amr Adib on the “al-Hekaya” (The Story) show on MBC Masr on Friday, Adel assured that this was entirely untrue.
He added, “I haven’t had any problems with anyone during this period, and no one has asked to partner with me and I’ve refused. Egypt has always supported us and stood by us. I reject these rumors.”
Adel indicated that he still doesn’t know the reason for the group’s branch closures, but assured there are no food poisoning reports against the company.
He also denied rumors surrounding the group’s sources of funding and accusations of “money laundering.”
“We are a brand that people queue for. This is God’s generosity and provision. Our branches are crowded and under pressure, and we make a profit. We don’t just hit numbers. We are hardworking people, and we grow,” he said.
Edited translation from Al-Masry Al-Youm
