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Egyptian Media Group

Egyptian Media Group

The Egyptian Media Group is owned by Eagle Capital, a state-owned investment firm owned by the General Intelligence. The group was probably founded in the beginning of 2016 by businessman Ahmed Abu Hashima (see below), known to be close to the security services.

Although little information is available about this group, Egyptian Media Group has become Egypt biggest media conglomerate between 2016 and 2018. It owns two TV networks (CBC and ON), five print outlets and their digital versions, a video platform (Dot Masr), seven companies in the advertising and marketing sector.

EGM's most important deal was signed on 20 January 2019 with the National Media Authority. Both organizations signed several protocols to launch a new satellite TV channel for the Arab region. It will be the first satellite TV which broadcasts throughout the Arab world aired through the Egyptian State-owned Nile Sat. The NMA and EMG also agreed to upgrade and develop content on the State-owned TV Channel 1 and Channel 2, as well as the Egyptian satellite channel Al-Masriya. According to the deal, advertising rights will be upgraded and developed. This extends the control of the EMG to the State-owned media sector, reinforcing the influence of the General Intelligence over the TV landscape in Egypt.  

Between 2016 and 2018, the EMG concluded a dozen of deals that extended the General Intelligence influence over the privately-owned media landscape:

In the TV sector :

  • In May 2016, Egyptian Media Group acquired ON TV network, by buying 100% of the shares of Hawa Ltd owned by Naguib Sawiris. The deal was announced by businessman Ahmed Abu Hashima (see below), who was then chairman of the Group.
  • In July 2018, Egyptian Media Group announced the acquisition of the Al Hayah TV network, previously owned by the Falcon Group, which has relations with the military intelligence.
  • In September 2018, Egyptian Media Group announced that it had acquired 51% of the shares of Future Media Holding Group, owner of the CBC network channels. Businessman Mohammed Al-Amin still owns 49% of the network and is member of the board of Egyptian Media Group. 

In the print sector:

  • In 2016, it is likely that Hashima transferred his shares of The Egyptian Company for Press, Publishing and Advertising, owning Al Youm Al Sabea newspaper, its website, and a number of affiliated websites (Video7, Photo7, Infrad, Parliamentary, the Cairo post) to the Egyptian Media Group. Hashima became a shareholder of Al Youm Al Sabea in 2011.
  • In July 2016, Egyptian Media Group acquired Dot Masr website. 
  • In November 2016, host Gaber Al-Qarmouti announced that Ahmed Abu Hashima bought the weekly newspaper Sout Al Ouma from its owner Issam Ismail Fahmy, the founder of Al Dostor ,for 12 million EGP (about 670,000 USD).
  • At the end of 2016, Egyptian Media Group acquired the weekly newspaper Ain Al Mshaheer (also owned by Issam Ismail Fahmy). The deal was probably concluded in conjunction with the deal of Sout Al Ouma newspaper. Early 2017, media reported that Egyptian Media Group had fired a number of journalists from both Sout Al Ouma and Ain Al Mshaheer.

In the production industry:

  • In June 2016, Egyptian Media Group acquired 50% of Misr Cinema Company owned by businessman Kamel Abu Ali.
  • In November 2016, Egyptian Media Group acquired 50% of Synergy Production. The contract was signed by businessman Ahmed Abu Hashima for Egyptian Media and businessman Tamer Morsi, the owner of Synergy. Tamer Morsi became chairman of Egyptian Media Group, after Abu Hashima sold his shares to Eagle Capital.

In the marketing and advertising industry:

  • Egyptian Media acquired 51% of the shares of Presentation Company in June 2016. The contract was signed by businessman Ahmed Abu Hashima (see below), Chairman of Egyptian Media at the time, and Mohamed Kamel, Chairman of Presentation Sports, the largest marketing and advertising company in the field of sports. Egyptian Media owns Synergy advertising agency, and it is not known when the agency was established and how it relates to Synergy Productions.
  • Egyptian Media owns POD Company, an advertising agency specializing in advertising, marketing, graphic design, internet services, public relations and digital presence.
  • Egyptian Media owns ‘I fly Egypt’, a service provider that provides unique imagery and event shooting using the most advanced drones.
  • Egyptian Media owns EOD Company, an out-of-home advertising company.
  • Egyptian Media owns HASH TAG, a company specializing in advertising on social media and the internet.
  • Egyptian Media owns Spade Studio, a digital advertising agency established in 2015.

Other deals:

  • Egyptian Media owns Egyptian Security Company, a company that works in the field of protecting and securing facilities, properties and individuals.
  • Egyptian Media owns the Egyptian Media Academy, an academy that offers training in the field of media and related technology.

Eagle Capital Financial Investments announced in December 2017 that it had acquired the stake of businessman Ahmed Abu Hashima in the Egyptian Media Company. According to Dalia Khorshid, former investment minister and chairman of Eagle Capital, this acquisition "represents the company's first investment deal which reflects our interest in this strategic sector that touches the lives of the citizens on a daily basis”. The independent Mada Masr website published a report revealing that the General Intelligence Service owns Eagle Capital.

A group of businessmen owns shares in companies owned by Egyptian Media (Tamer Morsi, Mohamed El Amin and Kamel Abu Ali), while the identity of the owners of Presentation, which Egyptian Media has acquired 51% of its shares, is not known.

Ahmed Abu Hashima is a young businessman who heads the board of directors of Egyptian Steel Company. He began investing in the media sector with Al Youm Al Sabea after the revolution of 25 January 2011. Media report that his investments in this sector were directed by the General Intelligence. At the end of 2017, Abu Hashima redirected his investments in favour of Eagle Capital, a company owned by the General Intelligence. He is also known to have been close to Qatari investors during the Muslim Brotherhood era.

Presentation Sports has won the rights of sponsorship of the Egyptian Football Federation in 2015, including the broadcast of the Egyptian league and the Egyptian Cup and sponsorship of the national football team. Presentation also sponsors a large number of sports clubs, the last of them was Al Ahly Club – of which Ibrahim Al Moallem from Al Shorouk was a board member. Presentation Sports quickly dominated the sports marketing market in Egypt.

Synergy Production was established nearly 10 years ago and controls 40% of the drama production market in Egypt. 

Key facts

Mother Company

Eagle Capital

Business Form

Private/ Public

Legal Form

Joint Stock Company

Business Sectors

Egyptian Media Group operates in the field of print and broadcast media and technology, content production, marketing, advertising and security.

Ownership
Media Outlets
Other Media Outlets

Other Print Outlets

Al Youm Al Sabea (Youm7)

Other TV Outlets

CBC Egypt

Other Online Outlets

http://youm7.com

Facts

Media Business

Drama and Cineman Production

Synergy Production

Business

Advertising

Presentation Company

Security Services

Egyptian Security

Education

Egyptian Media Academy

General Information

Founding Year

probably 2016

Founder

Ahmed Abu Hashima

Affiliated Interests Founder

Ahmed Abu Hashima is a young businessman who heads the board of directors of Egyptian Steel Company. He began investing in the media sector with Al Youm Al Sabea after the revolution of 25 January 2011. Media report that his investments in this sector were directed by the General Intelligence. At the end of 2017, Abu Hashima redirected his investments in favour of Eagle Capital, a company owned by the General Intelligence. He is also known to have been close to Qatari investors during the Muslim Brotherhood era.

Employees

Missing Data

Contact

62, EL-Khalifa EL- Maamoun St., Heliopolis

Cairo

+2 (02) 28111000

Info@egyptian-media.com

Tax/ ID Number

Missing Data

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Tamer Morsi (Chairman)
Tamer Morsi has been appointed as the head of the Egyptian Media Group in 2018. A well-known drama producer and owner of Synergy for artistic production and advertising, that has become part of the Egyptian Media Grouup. Morsi concluded acquisition deals of Al Hayah and CBC channels.

Non-Executive Board

Missing Data

Supervisory Board

Missing Data

Other Influential People

Dalia Khorshid
The former investment minister and chairman of Eagle Capital, Khorshid appointed Tamer Morsi as chairman of the board. 

Further Information

Meta Data

The number related to the audience share of the print outlet is an estimate based on the data obtained by Masrawy.
At the time the MOM Egypt project was published, rumors stated that Ahmed Abu Hashima was getting funding from the General Intelligence Service for the Egyptian Media Company.

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