PIF Takes Majority of MBC Group in SAR 7.47 Billion Deal

Riyadh’s Public Investment Fund has bought a 54% stake in MBC Group, the leading media and entertainment company in the Middle East and North Africa, for SAR 7.469 billion. The transaction, completed on 18 September 2025, involved acquiring 179.55 million shares from Istedamah Holding Company at a negotiated price of SAR 41.60 per share.

Regulatory approvals have now been secured and PIF is confirmed as MBC Group’s largest shareholder. The acquisition falls under PIF’s broader mandate to develop the Kingdom’s media and entertainment sectors by localising production, fostering innovation, and building an integrated media ecosystem.

MBC Group reported a net profit of SAR 335.43 million in the first half of 2025, up 41.07% compared with the same period in the previous year. The deal is expected to reinforce growth in its operations, enhance shareholder value, and create new opportunities for its workforce and content creators across Saudi Arabia.