GIB Capital congratulates MBC Group on the successful listing of its shares

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Riyadh, Kingdom of Saudi Arabia (08/January/2024): GIB Capital congratulates MBC Group on its listing and commencement of trading on the Saudi Stock Exchange (Tadawul). The Group offered 33.25 million shares through its primary Initial Public Offering, representing 10% of its enlarged share capital. The IPO garnered significant local and global interest, resulting in institutional coverage of 66x and retail coverage of 18x.

GIB Capital is pleased to have acted as the Financial Advisor to the Substantial Shareholders in this landmark offering, which is a testament to MBC's remarkable accomplishments over more than three decades since its inception.

Osamah Mohammed Shaker, CEO of GIB Capital, stated, "GIB Capital is delighted to have worked as the Financial Advisor to the Substantial Shareholders on the IPO Of MBC Group, the first of its kind to be listed in the KSA. We look forward to the Group achieving its ambitions as a leader in the regional media and entertainment sector, covering broadcasting, streaming, gaming and other sub-sectors, as well as enacting objectives of Saudi Vision 2030."

It is worth mentioning that GIB Capital, established in 2008, provides a comprehensive range of financial services, including equity capital markets advisory, mergers and acquisitions, debt capital markets, debt advisory, asset management and brokerage services. It is one of the prominent and distinguished entities in providing financial advisory services to GREs, institutions, family businesses and investors in the Saudi market.

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