Browsing Tag

MBC Group

MBC Group becomes Tadawul’s first new listing in 2024

Saudi Arabia’s media conglomerate MBC Group has become the first new listing in the Kingdom’s Tadawul All Share Index in 2024. The media giant started trading on Jan. 8, while the upper and lower limits of the daily and static…
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Mix

Peter Smith to depart from MBC Studios

Peter Smith, the managing director of MBC Studio, is stepping down from his role, the company announced. “Peter Smith is stepping aside as managing director of MBC Studios,” said MBC CEO Sam Barnett. “Pete has made invaluable…
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Mix

MBC to close office in Lebanon and relocate to Saudi Arabia

Saudi-owned broadcaster MBC Group announced on Wednesday that it plans to shut its office in Beirut “soon” and relocate to Riyadh. The company said the reason for the move is a push by authorities in the Kingdom to relocate all…
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Business

Outdoor advertising provider, MBC Group-backed Al Arabia kicks off IPO process

Outdoor advertising provider Arabian Contracting Services, partly owned by media giant MBC Group, has issued the prospectus for its planned initial public offering, where it seeks to sell 15 million shares. This represents 30 percent of…
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Mix

MBC Group, MMS partner with Saudi cybersecurity federation

MBC Group and its in-house commercial advertising and sales unit MBC Media Solutions have partnered with the Saudi Federation for Cybersecurity, Programming, and Drones to launch a reality entrepreneurship competition for Arab youth. The…
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