MBC Group eyes IPO in Saudi Arabia

Logo of MBC Group Holding Ltd.

MBC Group Holding Ltd. is working with JP Morgan and HSBC Holdings on an initial public offering (IPO) in Saudi Arabia, Bloomberg reported, citing sources in the know.

 

The group is likely to make the move as soon as next year, sources said, noting that more banks could be added to work on the offering at a later stage.

 

Founded in 1991 in London, MBC Group is the first group of channels in the Arab world. It moved its headquarters to Dubai in 2002 and is currently based in Riyadh, running 20 TV channels.

 

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