MBC GROUP, a prominent media and entertainment company in the Middle East and North Africa, revealed the price range for its upcoming initial public offering (IPO). The IPO, representing 10% of the company's share capital, is set at a price range of SAR 23 to SAR 25 per share. The institutional book-building period, involving Participating Parties, starts November 30 and concludes on December 6, 2023, at 2:00 PM KSA time. The Capital Market Authority approved MBC's application for the IPO on November 21, 2023, allowing the offering of 33,250,000 Ordinary Shares, constituting 10% of the Company’s share capital.

The total offering size is expected to range between SAR 765 million (USD 204 million) and SAR 831 million (USD 222 million), with a market capitalization at listing estimated between SAR 7,648 million (USD 2,039 million) and SAR 8,313 million (USD 2,217 million). Upon completion, existing shareholders, including Al Istedamah Holding and Waleed Ibrahim Al Ibrahim, will collectively retain 90% of the Company’s share capital.