MBC Group, a privately owned Saudi Arabian media conglomerate founded in 1991, is headquartered in the UAE. Employing approximately 2000 people, the company's primary business is broadcast television and radio. In 2022, MBC Group reported revenues of approximately $1 billion. Its operations span multiple international locations and include a range of free-to-air satellite television channels and the Shahid online streaming platform.
The Public Investment Fund (PIF) acquired a 54% stake in MBC Group. The transaction, valued at SR7.5 billion ($2 billion), involved a private sale with Istedamah Holding Company, which sold 179.55 million shares. Reports indicate the deal concluded, aligning with Saudi Arabia's economic diversification and media growth vision. The acquisition was finalized through a private transaction.
MBC Group offers 3 products in the media and telecoms services industry. MBC Group's product portfolio comprises of content rights, broadcast television and radio and media and TV services.
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MBC Group's revenues were over $1B in 2024. Caretta Research has split MBC Group's revenue into 3 different product categories, the largest of which is linear (thematic channel groups). For full access to MBC Group's revenue breakdown subscribe to Caretta Portal.
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MBC Group currently holds 10 broadcasting rights for sports competitions including boxing, motorsports, sailing, futsal, horse racing and soccer | association football.
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