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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

MBC IPO retail subscription begins

The foreign ownership was up slightly during the week ending Jan 9. (Tadawul)
  • The subscription process for the retail tranche of MBC Group will run for five days until December 18.
  • The Capital Market Authority approved, on November 21, the company's request to float 33.25 million shares in an IPO.

RIYADH, SAUDI ARABIA – Retail investors will start on Thursday subscription to about 3.33 million shares of MBC Group at SAR 25 each, as set by the book-building process.    

The subscription process for the retail tranche will run for five days until December 18.

The Capital Market Authority (CMA) approved, on November 21, the company’s request to float 33.25 million shares in an initial public offering (IPO).   

The MBC IPO is the eighth this year. Last year, the main market witnessed 18 IPOs.

MBC Group runs a group of TV and radio channels such as MBC1.

The group’s main activities are free TV and radio broadcasting and supporting activities such as social media; managing and operating the live media service platform, production of series and films; and other businesses include interactive games, events, music and talent management.