Egypt’s Qalaa Holdings (CCAP.CA on the Egyptian bourse) said on Monday its chairman Ahmed Heikal was banned from leaving Cairo by plane due to a default court judgment.
The default judgment was made over a commercial dispute related to an unpaid $4 million cheque, Qalaa, one of the country’s largest investment companies, told Al Arabiya.
“An application will be made for an order to set aside the default judgment,” the company said.
Heikal was heading to the Sudanese capital of Khartoum but was turned away at the airport in Cairo on Sunday as he was informed of being placed on a no-fly list.
The no-fly order was “due to a case related to a cheque and a default judgement was taken and we were not informed with the case,” Qalaa’s chairman Heikal told Al Arabiya.
