Logo of MBC Group
MBC Group announced the prospectus for offering 33.25 million shares in on Tadawul.
The Capital Market Authority (CMA) approved yesterday the application received from MBC to float 33.25 million shares, or 10% of capital on Tadawul.
The company’s capital currently stands at SAR 2.99 billion, divided into 299.25 million shares. A total of 33.25 million new shares will be issued for the IPO, so that the offered shares will constitute 10% of the group’s post-IPO capital, which will amount to SAR 3.325 billion (332.5 million shares), according to the prospectus.
The period for registering applications from participating parties and the process of book building will run for seven days from Nov. 30 to Dec. 6, 2023.
Meanwhile, the offering period will run for five days during Dec. 14-18, 2023.
The group’s main activities are as follows:
– Free TV and radio broadcasting and supporting activities such as social media.
– Managing and operating the live media service platform, which includes video streaming on “Shahid” platform
– Production of series and films.
– Other businesses include interactive games, events, music and talent management.
The group is 60% owned by Istedamah Holding Co. (IHC), and Chairman Walid Al-Ibrahim by 40%.
Company Profile
Company
MBC Group
Market
Tadawul
Core Activities
TV broadcasting and channel subscription activities
Capital Pre-IPO
SAR 2.992 bln
Number of Shares
299.25 mln
Capital after IPO
SAR 3.325 bln
Number of shares after IPO
332.5 mln
IPO Summary
Issue Percentage
10% of post-IPO capital
Number of Shares Offered
33.25 mln
Qualified Subscribers
Participating Parties, Retail Investors
IPO Minimum Size for Retail Investors
10 shares
IPO Minimum Size for Institutional Investors
50,000 shares
IPO Maximum Size for Retail Investors
250,000 shares
IPO Maximum Size for Institutional Investors
16.62 mln
Institutional Offer Period and Book Building
From Nov. 30 to Dec. 6, 2023
Retail Offering
From Dec. 14-18, 2023
Final Allocation
Dec. 21, 2023
Refund (if any)
Dec. 27, 2023
Special Information
Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter
HSBC Saudi Arabia – JP Morgan Saudi Arabia – SNB Capital
Lead Manager
HSBC Saudi Arabia
Receiving Banks
Saudi National Bank – Riyad Bank – Arab National Bank – Banque Saudi Fransi
Major Shareholders
Shareholders
Before IPO
Post-IPO
Number of shares
(mln shares)
Ownership (%)
Number of shares
(mln shares)
Ownership (%)
Walid Ibrahim Al-Ibrahim
119.70
40%
119.70
36%
Istedamah Holding Co.
179.55
60%
179.55
54%
Public
—
—
33.25
10%
Total
299.25
100%
332.50
100%
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