For the past months there were various rumors about the proposals from different businessmen and tycoons to buy Al Dostor and Sawt Al Oma from Essam Fahmi.
Wait for more updates about our favorite newspaper’s new owners.
Update#1
Egyptian media tycoon and the head of Al Wafd party Dr. Siyad Badawy has bought the newspaper in partnership with businessman Reda Edward. Al Dostor chief in editor Ibrahim Eissa stated to On TV channel that there will be no changes in the editorial policies of the newspaperBadawy and Edward bought the newspaper for a big number which I assume is the biggest in the history of Egyptian press between LE 16-25 million !! There are even sources speaking of higher numbers. There were long negotiations between Badawy and Fahmi for months. It is worth to mention that Fahmi is a Wafd party member who expressed his support to Badawy during the last party's elections openly thought I do not think that this had to do with the deal.
The new board of directors will be made of Siyad Badawy , Reda Edward and Ahmed Essam Fahmi as the publisher of the newspaper ; Ahmed is the son of Essam Fahmi.
Badawy owns a huge TV network called Al Hayat TV and huge pharmaceutical group that operates in Egypt , Sudan and Saudi Arabia called Sigma.
I do not know much about Reda Edward except that he works in education and he is member in the Wafd party too.
I expressed my views about Badawy before and currently I have mixed thoughts and concern , for one side Dostor really needs good and strong finance and from one side I fear from the real intentions behind the acquisition of this newspaper.