Alleged Hamas financier holds stake in Cyprus company that mines Egyptian gold, leaked files reveal

Sudanese businessman Abdelbasit Hamza — whose company holdings feature in Cyprus Confidential documents — has been accused of being “a central figure in Hamas’ investment portfolio.”

An accused financier of Hamas has extensive business ties in Europe and owns a stake in a lucrative Cyprus firm that mines Egyptian gold, a new investigation by the International Consortium of Investigative Journalists and the Israeli news outlet Shomrim reveals.

Sudanese businessman Abdelbasit Hamza, an ally of former Sudanese President Omar al-Bashir, was sanctioned by the United States in the aftermath of the Oct. 7 Hamas terror attack on Israel for managing Hamas’ investments and for his involvement in the transfer of almost $20 million to the organization, including funds sent directly to a senior Hamas financial officer.

The U.S. Treasury Department accused Hamza of “longstanding ties to terrorism financing,” including past links with companies connected to al-Qaida and Osama bin Laden. He was also sanctioned by the United Kingdom in November.