Company Insights MBC Group Media & Advertising MBC Group News Media & Advertising Saudi TV fights off the smartphone challenge Smart television is holding up as the main platform for accessing sports, news and entertainment in Saudi Arabia, despite the boom in streaming services that can be watched on smartphones, a leading media researcher said this week. “In the past decade there was a lot of transformation in Saudi. New devices, behaviours and trends,” said […] January 30, 2024 Markets Shares in MBC rise 30% on Saudi Tadawul debut The share price of media company MBC Group rose by 30 percent as it made its debut on the Saudi stock exchange on Monday. The Saudi group’s initial public offering of a 10 percent stake last month was 17.6 times oversubscribed by retail investors, raising SAR1.46 billion ($390 million). At the opening bell of the […] January 8, 2024 Media & Advertising Coming to a movie theatre near you … AlUla It would make the perfect setting for Star Wars or Indiana Jones, but AlUla is developing production facilities that will expand its reach beyond sci-fi and desert adventure movies, making it one of the region’s prime locations for international shoots. The tourist location in northwest Saudi Arabia is fast developing into a mini-city with an […] December 24, 2023 Markets MBC raises $390m with oversubscribed IPO Saudi media company MBC Group’s IPO on the Saudi stock exchange was 17.6 times oversubscribed, raising SAR1.46 billion ($390 million). A minimum of nine shares were allocated to each subscriber and the remaining shares were distributed pro rata, according to a statement on stock market website Tadawul by lead manager and advisor HSBC Saudi Arabia, […] December 22, 2023 Media & Advertising In the streaming age, the TV stays on after Ramadan YouTube creators and streaming services are changing the face of television all over the world – but particularly in Arab countries, according to executives who attended the Red Sea Film Festival in Jeddah this month. The entertainment industry in the Middle East traditionally focused on the fasting month, when TV shows could find a captive […] December 18, 2023 Media & Advertising Saudi’s MBC Group prices IPO at top of the range Strong investor demand has led Saudi media company MBC Group to price its initial public offering (IPO) at SAR25 per share, the top of a range published earlier this month. The price implies a market capitalisation of SAR8.3 billion ($2.2 billion) at listing, said IPO manager HSBC in a filing to the Saudi Stock Exchange […] December 12, 2023 People & Lifestyle Saudi film festival showcases growing movie industry The third Red Sea Film Festival kicked off in Jeddah last week, highlighting the city’s rejuvenation as part of Saudi Arabia’s economic reform plans and rapid growth of its movie industry. Stars including Johnny Depp, Will Smith, Sharon Stone, Catherine Deneuve and a coterie of Saudi directors and actors graced the red carpet for gala […] December 4, 2023 People & Lifestyle MBC Group sets price range for IPO on Tadawul Saudi Arabian media giant MBC Group is planning to raise as much as SAR831 million ($222 million) from the sale of a 10 percent stake on the Saudi stock exchange (Tadawul) after disclosing an indicative price range. The price range was set between SAR23 ($6.13) and SAR25 per share, the company said in a statement, […] December 1, 2023 Media & Advertising More deals likely to follow OSN+ and Anghami merger The merger last week between OSN+ and Anghami will lead to more consolidation in the region’s streaming sector, industry experts have said. Kuwait’s Kipco-Panther Media Group, which operates as OSN, will combine its streaming service OSN+ with Anghami’s music and entertainment business to create one of the Middle East’s largest streaming platforms. The Europe, Middle […] November 27, 2023 Media & Advertising Saudi media company MBC Group to float 10% in IPO Saudi media major MBC Group plans to launch an initial public offering (IPO) on the Saudi Exchange (Tadawul). The announcement comes after the Capital Market Authority (CMA) approved the company’s plan to offer 33.25 million ordinary shares, representing 10 percent of its share capital. The offering price will be determined at the end of the […] November 22, 2023 Posts navigation Previous 1 2 3 Next
Media & Advertising Saudi TV fights off the smartphone challenge Smart television is holding up as the main platform for accessing sports, news and entertainment in Saudi Arabia, despite the boom in streaming services that can be watched on smartphones, a leading media researcher said this week. “In the past decade there was a lot of transformation in Saudi. New devices, behaviours and trends,” said […] January 30, 2024
Markets Shares in MBC rise 30% on Saudi Tadawul debut The share price of media company MBC Group rose by 30 percent as it made its debut on the Saudi stock exchange on Monday. The Saudi group’s initial public offering of a 10 percent stake last month was 17.6 times oversubscribed by retail investors, raising SAR1.46 billion ($390 million). At the opening bell of the […] January 8, 2024
Media & Advertising Coming to a movie theatre near you … AlUla It would make the perfect setting for Star Wars or Indiana Jones, but AlUla is developing production facilities that will expand its reach beyond sci-fi and desert adventure movies, making it one of the region’s prime locations for international shoots. The tourist location in northwest Saudi Arabia is fast developing into a mini-city with an […] December 24, 2023
Markets MBC raises $390m with oversubscribed IPO Saudi media company MBC Group’s IPO on the Saudi stock exchange was 17.6 times oversubscribed, raising SAR1.46 billion ($390 million). A minimum of nine shares were allocated to each subscriber and the remaining shares were distributed pro rata, according to a statement on stock market website Tadawul by lead manager and advisor HSBC Saudi Arabia, […] December 22, 2023
Media & Advertising In the streaming age, the TV stays on after Ramadan YouTube creators and streaming services are changing the face of television all over the world – but particularly in Arab countries, according to executives who attended the Red Sea Film Festival in Jeddah this month. The entertainment industry in the Middle East traditionally focused on the fasting month, when TV shows could find a captive […] December 18, 2023
Media & Advertising Saudi’s MBC Group prices IPO at top of the range Strong investor demand has led Saudi media company MBC Group to price its initial public offering (IPO) at SAR25 per share, the top of a range published earlier this month. The price implies a market capitalisation of SAR8.3 billion ($2.2 billion) at listing, said IPO manager HSBC in a filing to the Saudi Stock Exchange […] December 12, 2023
People & Lifestyle Saudi film festival showcases growing movie industry The third Red Sea Film Festival kicked off in Jeddah last week, highlighting the city’s rejuvenation as part of Saudi Arabia’s economic reform plans and rapid growth of its movie industry. Stars including Johnny Depp, Will Smith, Sharon Stone, Catherine Deneuve and a coterie of Saudi directors and actors graced the red carpet for gala […] December 4, 2023
People & Lifestyle MBC Group sets price range for IPO on Tadawul Saudi Arabian media giant MBC Group is planning to raise as much as SAR831 million ($222 million) from the sale of a 10 percent stake on the Saudi stock exchange (Tadawul) after disclosing an indicative price range. The price range was set between SAR23 ($6.13) and SAR25 per share, the company said in a statement, […] December 1, 2023
Media & Advertising More deals likely to follow OSN+ and Anghami merger The merger last week between OSN+ and Anghami will lead to more consolidation in the region’s streaming sector, industry experts have said. Kuwait’s Kipco-Panther Media Group, which operates as OSN, will combine its streaming service OSN+ with Anghami’s music and entertainment business to create one of the Middle East’s largest streaming platforms. The Europe, Middle […] November 27, 2023
Media & Advertising Saudi media company MBC Group to float 10% in IPO Saudi media major MBC Group plans to launch an initial public offering (IPO) on the Saudi Exchange (Tadawul). The announcement comes after the Capital Market Authority (CMA) approved the company’s plan to offer 33.25 million ordinary shares, representing 10 percent of its share capital. The offering price will be determined at the end of the […] November 22, 2023
