MBC Group is a Saudi media conglomerate and the leading media group in the Middle East and North Africa, widely described as the region's largest broadcaster. It was launched in 1991 by Saudi businessman Waleed bin Ibrahim. The company inaugurated its headquarters in Riyadh, Saudi Arabia, in September 2022, after relocating its headquarters to Dubai Media City, United Arab Emirates, in 2002. The group oversees Shahid (largest Arabic streaming platform), 19+ TV/radio channels, MBC Studios, MBC Academy, and MBC Talent Agency.
In 2023, total revenue reached SAR 3.7 billion (+6.2%) and net profit SAR 69 million (+44.8%). 2024 revenue: SAR 4.2 billion (+13.1%); net profit SAR 426.1 million (+515.2%). MBC Group reaches 150 million viewers every week globally with diverse content including entertainment, drama and sports. In 2023, MBC announced its IPO on the Tadawul, raising SAR 831 million. By October 2024, the stake owned by Istedamah had dropped to 54%, and this stake was transferred to the Public Investment Fund in November 2024.
The group operates 13 free-to-air TV channels and three radio stations, in addition to Shahid, the region's leading video streaming platform. The Group also includes MBC Studios, its flagship content production arm, focused on producing content centered around the storytelling potential of the Middle East.
Recent Leadership News
Mike Sneesby is the Chief Executive Officer of MBC GROUP.
Facts compiled by Executive Moves from publicly available news and press releases on 23 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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