Logo of MBC Group
MBC Group announced the prospectus for offering 33.25 million shares in on Tadawul.
The Capital Market Authority (CMA) approved yesterday the application received from MBC to float 33.25 million shares, or 10% of capital on Tadawul.
The company’s capital currently stands at SAR 2.99 billion, divided into 299.25 million shares. A total of 33.25 million new shares will be issued for the IPO, so that the offered shares will constitute 10% of the group’s post-IPO capital, which will amount to SAR 3.325 billion (332.5 million shares), according to the prospectus.
The period for registering applications from participating parties and the process of book building will run for seven days from Nov. 30 to Dec. 6, 2023.
Meanwhile, the offering period will run for five days during Dec. 14-18, 2023.
The group's main activities are as follows:
- Free TV and radio broadcasting and supporting activities such as social media.
- Managing and operating the live media service platform, which includes video streaming on "Shahid" platform
- Production of series and films.
- Other businesses include interactive games, events, music and talent management.
The group is 60% owned by Istedamah Holding Co. (IHC), and Chairman Walid Al-Ibrahim by 40%.
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Company Profile |
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Company |
MBC Group |
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Market |
Tadawul |
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Core Activities |
TV broadcasting and channel subscription activities |
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Capital Pre-IPO |
SAR 2.992 bln |
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Number of Shares |
299.25 mln |
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Capital after IPO |
SAR 3.325 bln |
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Number of shares after IPO |
332.5 mln |
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IPO Summary |
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Issue Percentage |
10% of post-IPO capital |
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Number of Shares Offered |
33.25 mln |
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Qualified Subscribers |
Participating Parties, Retail Investors |
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IPO Minimum Size for Retail Investors |
10 shares |
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IPO Minimum Size for Institutional Investors |
50,000 shares |
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IPO Maximum Size for Retail Investors |
250,000 shares |
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IPO Maximum Size for Institutional Investors |
16.62 mln |
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Institutional Offer Period and Book Building |
From Nov. 30 to Dec. 6, 2023 |
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Retail Offering |
From Dec. 14-18, 2023 |
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Final Allocation |
Dec. 21, 2023 |
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Refund (if any) |
Dec. 27, 2023 |
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Special Information |
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Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter |
HSBC Saudi Arabia – JP Morgan Saudi Arabia - SNB Capital |
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Lead Manager |
HSBC Saudi Arabia |
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Receiving Banks |
Saudi National Bank - Riyad Bank - Arab National Bank - Banque Saudi Fransi |
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Major Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of shares (mln shares) |
Ownership (%) |
Number of shares (mln shares) |
Ownership (%) |
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Walid Ibrahim Al-Ibrahim |
119.70 |
40% |
119.70 |
36% |
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Istedamah Holding Co. |
179.55 |
60% |
179.55 |
54% |
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Public |
-- |
-- |
33.25 |
10% |
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Total |
299.25 |
100% |
332.50 |
100% |
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MBC Group posts SAR 46.3M earnings in H1 2023
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