Saudi Arabia’s PIF to acquire 54% stake in MBC Group | Arab News
2 days ago — Nirmal Narayanan. November 03, 2024 14:00. Follow. Share price of MBC Group increased by 9.98% to SR45.75. Its net profit for the second quarter witnessed a rise of 66.5% to SR116.4 million ...
Saudi wealth fund PIF to acquire 54% stake in MBC Group - Gulf …
10 hours ago — MBC said in a bourse filing that Istedamah would transfer the entirety of its stake to PIF, amounting to 179.6 million shares at SAR41.60 apiece, subject to certain approvals and non-objections ...
Middle East’s Top Broadcaster Jumps 10% as Saudi PIF Buys Stake
2 days ago — 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 Bloomberg Terminal ...
Saudi Arabia’s PIF acquires 54 per cent stake in MBC Group
1 day ago — Also in this package. Dubai: Saudi Arabia’s Public Investment Fund (PIF) reaches an agreement to acquire a 54 per cent stake in MBC Group for $2 billion (Dh7.3 billion). The fund will purchase ...
Saudi Arabia’s PIF Acquires Majority Stake In MBC Group For $2B
2 days ago — MBC Group has unveiled that its shareholder, Istedamah Holding Company, has entered into a binding share sale and purchase agreement (SPA) to sell its 54% stake to Saudi Arabia's Public Investment Fund (PIF) for $2 billion (SAR 7.5 billion), a …
Saudi Arabia’s Public Investment Fund to take a majority stake in MBC …
2 days ago — Saudi Arabia’s Public Investment Fund (PIF) will acquire a 54 per cent stake in regional broadcaster MBC Group for 7.47 billion Saudi riyals ($1.99 billion) as the kingdom’s sovereign wealth fund boosts domestic investments.. Istedamah Holding Company, a major shareholder in MBC, has agreed to sell its stake in the media company to the PIF in a private transaction at 41.60 riyals per share ...
Saudi Arabia’s PIF to acquire controlling $2bn stake in MBC
2 days ago — PIF takes controlling stake in Saudi broadcaster MBC. As part of the deal PIF will take Istedamah’s entire stake in MBC, This amounts to 179,550,000 shares, which represents 54 percent of the broadcaster, The deal is valued at SR7.47bn …
Istedamah Holding sells 54% stake in MBC to PIF for SAR 7.5B - ارقام
2 days ago — Under the agreement, Istedamah will sell its entire stake in MBC, amounting to 179.55 million shares, representing 54% of the company’s total capital, to the PIF through a negotiated deal. The selling shares will be worth SAR 7.469 billion, or SAR 41.60 per share. For more news and details on M&As.
Saudi Arabia’s PIF to acquire 54% stake in MBC Group - Arab News
2 days ago — Get world news, sport news, business news, entertainment, lifestyle, video and photos. ... Saudi Arabia’s PIF to acquire 54% stake in MBC Group. Share price of MBC Group increased by 9.98% to ...
Middle East’s Top Broadcaster Jumps 10% as Saudi PIF Buys Stake
2 days ago — 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 finance ministry will transfer the entirety of its stake to the PIF at Thursday’s closing share price of 41.60 riyals ($11) per share, subject to certain ...
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