Archive · 18 Sep 2025
PIF Acquires 54% Stake in MBC Group for $1.9B
The Saudi Arabian government's investment fund, PIF, has bought a 54% share of MBC Group, a major media company in the Middle East.
This deal, worth $1.9 billion, means PIF now controls most of MBC Group.
MBC Group, founded in London and now headquartered in Riyadh, operates various TV channels and the Shahid streaming platform.
PIF plans to help MBC Group grow by investing in broadcasting, streaming, and other entertainment, aiming to create more Arabic content and reach a wider audience.
Waleed bin Ibrahim Al Ibrahim, who launched the group, still owns a 40% stake.
PIF acquired a 54% stake in the MBC Group.
The deal was worth SAR 7,469 million ($1.9B).
MBC Group was founded in London in 1991 and is a major media group in the MENA region.
The MBC Group is committed to producing high-quality Arabic content.
MBC Group will focus on broadcasting, streaming, and new verticals like music and gaming.
- Who
- Saudi Arabia’s Public Investment Fund (PIF) acquired MBC Group.
- What
- PIF took a 54% stake in the MBC Group.
- When
- The deal was announced in November 2024.
- Where
- MENA region, with HQ in Riyadh, Saudi Arabia.
- Why
- To strengthen PIF's position in the MENA's media and entertainment landscape.
- Acquisition Stake
- 54%
- Acquirer
- Saudi Arabia’s Public Investment Fund (PIF)
- Seller
- Istedamah Holding Company
- Purchase Price
- SAR 7,469 million ($1.9B)
- Price Per Share
- SAR 41.60 ($11)
- MBC Group Chairman
- Waleed bin Ibrahim Al Ibrahim (40% stake)
- MBC HQ Location
- Riyadh