Foreign investors may not hold a majority shareholding stake in television and radio broadcasting entities, nor another stake entitling them to the right to manage such an entity.
"Article 1
In applying the provisions of this law, the following words and phrases shall have the meaning indicated next to each of them: [...]
Media Institutions: Institutions that manage media outlets. [...]
Media medium: terrestrial and satellite television channels, and wired, wireless and electronic radio stations.
[...]
Chapter Four: The Media Institution
Chapter One: Ownership and Establishment of the Media Facility
Article 49
Egyptians, whether natural or legal persons, public or private, have the right to own media outlets or media websites in accordance with the provisions of this law.
[...]
Article 52
In all cases, non-Egyptian shareholders, who are natural or legal persons, may not own a majority share of the shares, or a percentage that entitles them to the right of management.[...]" (Law No. 180 of 2018 on the Organisation of Press, Media and the Supreme Council of Media (27 August 2018), Articles 1, 49 and 52 [google translation])
Law No. 180 of 2018 on the Organisation of Press, Media and the Supreme Council of Media (27 August 2018), Articles 1, 49 and 52
[<a href="https://wipolex.wipo.int/en/text/578755">Law</a>]