Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy a 54 per cent stake in the Gulf state’s MBC Group media conglomerate for SAR 7.5 billion (US$2 billion).

The Public Investment Fund (PIF), the Saudi Arabian sovereign wealth vehicle, is on course to acquire a majority stake in MBC ...

The Public Fund Index’s movie signals a shift towards domestic investments as it manages assets over USD 900 billion. This ...

MBC Group has announced that Istedamah Holding Company, a substantial shareholder in the company, has signed a binding share ...

Saudi Arabia’s Public Investment Fund (PIF) has continued its pivot towards domestic investment with a move to acquire 54 per cent of Saudi media group MBC. The sovereign wealth fund’s acquisition ...

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is set to acquire a 54 per cent stake in MBC Group ...

ALBAWABA - MBC Group, the most prominent broadcaster in the Middle East, has announced that Istedamah Holding Company, a ...

Image: Supplied Saudi Arabia’s Public Investment Fund (PIF) is set to acquire a 54 per cent stake in broadcast giant MBC for ...

By: Haydy Abdelhamid MBC Group has announced that it will sell a 54% stake—about 179,550,000 shares—to the Saudi Public Investment Fund (PIF). This deal is worth around 7.47 billion SAR ($1.99 billion ...

The Saudi media group MBC has announced that Istidamah Holding, one of its shareholders, signed an agreement to sell its 54% stake to the Public Investment Fund (PIF) for around $1 billion (SAR 7.5 ...

The PIF, as the fund is known, is set to acquire 54% of MBC Group from Saudi Arabia’s Ministry of Finance, represented by Istedamah Holding Company, according to a statement on Sunday.

The live entertainment boom in Saudi Arabia has seen countless eye wateringly complex productions staged, and many remarkable venues built. UK-based companies have been quick to get involved. We ...