Faraeen Channel to close Saturday
owner of Faraeen Channel Tawfiq Okasha - YOUM7 (ARCHIVE)

CAIRO: Faraeen channel will shut down Saturday due to aggregated debts, TV host and owner of the channel Tawfiq Okasha said Wednesday. 

“The total debts of the channel from 2011 till now are 11 millions EGP,” Okasha said in the channel’s program Masr el-Youm. 

He added that two Egyptian and four Arab businessmen paid 70 percent of the debts, but still owes money to the Nile Sat and the Media Production City.

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