Sponsored
Saudi Arabia
MIDDLE EAST BROADCASTING CENTER (MBC GROUP) is the largest and leading media company in the Middle East and North Africa, enriching lives through information, interaction, and entertainment. The company reported a 11.6% year-on-year revenue increase to SAR 2.9 billion for the nine-month period ending September 30, 2024, with net income growing nearly fivefold to SAR 250.5 million. MBC GROUP announced the production of the eighth season of "Top Chef" in NEOM, Saudi Arabia, and its financial results for the first quarter of 2024 showed a 36% increase in total revenues to SAR 1,236 million compared to the same period in 2023. The company reported a 6.2% increase in revenue for fiscal year 2023 to SAR 3.7 billion, driven by significant growth at Shahid. MBC GROUP successfully listed its shares on the Main Market of the Saudi Exchange following a successful Initial Public Offering (IPO) with
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