Top Mideast Broadcaster MBC Group Set to Start Investor Meetings for IPO - Bloomberg
The Middle East’s biggest broadcaster, MBC Group, is planning to start meeting investors for its Riyadh initial public offering, according to people familiar with the matter.
MBC will start meetings to gauge early demand as soon as next week, the people said, asking not to be identified as the information isn’t public. GIB Capital is also involved in the potential IPO, they said.
HSBC Holdings Plc and JPMorgan Chase & Co. have also been working on the planned share sale, Bloomberg News reported in November. Representatives for MBC and GIB weren’t available for comment.
The Saudi government owns 60% of MBC and the rest is held by founder and chairman Waleed Al Ibrahim, one of the kingdom’s richest businessmen.
No comments:
Post a Comment