Saudi Arabia’s PIF acquires 54 per cent of MBC Group in a $2bn deal, becoming majority shareholder in the Middle East’s leading media company
MBC
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Diriyah
MBC to build new HQ in Diriyah, Saudi Arabia
MBC will develop a new headquarters with offices and studios in Diriyah, Saudi Arabia
MBC
Saudi Arabia’s PIF to acquire controlling $2bn stake in MBC
Saudi sovereign wealth fund PIF has acquired a controlling 54 per cent stake in MBC Group
IPO
Saudi Arabia’s MBC Group announces SAR 25 per share final IPO price
The book-building process drew considerable support from Saudi Arabia, regional and international investors, resulting in an order book of a whopping $14.5 billion (SAR 54.5 billion), 66 times over subscription
Adnoc Drilling IPO
MBC announces Saudi IPO plan to sell off 10 per cent of firm
Middle East broadcasting giant MBC to sell 10 per cent of company on Saudi stock exchange
Kuwait
Kuwait TV cast under investigation for ‘insulting’ scene, Minister says
The series has since been removed from streaming platform Shahid
Apple
Shahid: MBC announces massive 17% price increase for streaming service
Shahid, the most popular Arabic streaming service, is hiking prices next month
Male guardianship system
Saudi TV drama extolling ‘modern past’ draws awe and ire
Al-Assouf, set in the 1970s and aired on satellite broadcaster MBC during Ramadan, has emerged as a cultural flashpoint
Culture
Turkish minister slams Saudi broadcaster over TV soaps
Culture minister Numan Kurtulmus speaks out after MBC stops airing Turkish soap operas
MBC
Saudi-owned broadcaster takes hit Turkish soaps off-air
Move by MBC prompts fans to take to social media to express dismay
broadcast
Saudi Telecom signs $1.8bn soccer broadcast deal
Deal appears to take rights to broadcast Saudi soccer away from regional broadcaster MBC group
MBC
Saudi media magnate ‘fully exonerated’ in corruption probe
Senior exec at MBC group says Waleed al-Ibrahim is ‘fit and well’ and eager to get back to work
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Al Thamina
Saudi MBC TV host takes over state broadcaster
Dawood Shirian, hard-hitting host of TV show Al Thamina, was appointed the head of the Saudi Broadcasting Corporation
