MBC Group plans to go public, taps HSBC Holdings and JPMorgan Chase

The logo of the Pan-Arab media company MBC Group. (Wikimedia Commons)
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Updated 03 November 2022
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MBC Group plans to go public, taps HSBC Holdings and JPMorgan Chase

  • Sources said the listing could come as early as next year but specific details, such as the size of the IPO, the valuation and the timing, are not yet clear
  • The company’s move to Saudi Arabia, its “homeland,” was described as a long-held dream by its chairman, Waleed Al-Ibrahim

DUBAI: MBC Group is reportedly working with HSBC Holdings and JPMorgan Chase & Co. on an initial public offering in Riyadh.

Bloomberg reported that the listing of MBC Group could come as soon as next year, citing sources familiar with the plans who asked not to be identified because the information had not yet been made public.

They said additional banks could be added to the plans but specific details, such as the size of the IPO, the valuation and the timing, are not yet clear.

Representatives of MBC Group, which describes itself as the biggest broadcaster in the Middle East, declined to comment on the report.

MBC was founded in London in 1991. It moved its headquarters to Dubai in 2002 and then to Riyadh in September this year. The company’s move to Saudi Arabia, its “homeland,” was described as a long-held dream by its chairman, Waleed Al-Ibrahim.

“We have carried this dream with us since the first launch in 1991, even though we thought it was a dream far away from coming true,” he said.


Israel arrests 2 Turkish CNN journalists over live broadcast outside IDF HQ

Updated 03 March 2026
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Israel arrests 2 Turkish CNN journalists over live broadcast outside IDF HQ

  • Police said reporter Emrah Cakmak and cameraman Halil Kahraman were detained on suspicion of filming a sensitive security facility
  • Since the Gaza war began, restrictions have expanded significantly, including tighter limits on filming soldiers on duty and sensitive or strategic sites

LONDON: Israeli police have arrested two Turkish CNN journalists who were broadcasting live outside the Israel Defense Forces’ headquarters in Tel Aviv.

Police said the pair were detained on suspicion of filming a sensitive security facility, according to the Israel Police Spokesperson’s Unit.

Reporter Emrah Cakmak and cameraman Halil Kahraman, from the network’s Turkish-language channel, had been reporting near the IDF’s Kirya military headquarters on Tuesday after Iran launched another missile barrage at Tel Aviv and other parts of central Israel.

During the live broadcast, two men believed to be soldiers approached the crew and seized the reporter’s phone, according to initial reports and a video circulating online that could not be independently verified.

Police said officers were dispatched after receiving reports of two people carrying cameras and allegedly broadcasting in real time for a foreign outlet.

Israel’s long-standing military censorship system, overseen by the IDF Military Censor, has long barred journalists and civilians from publishing material deemed harmful to national security.

Since the Gaza war began, restrictions have expanded significantly, including tighter limits on filming soldiers on duty and sensitive or strategic sites.

After a series of similar incidents involving foreign media — most of them Palestinian citizens of Israel working for Arab-language and international media, along with foreign journalists — during the 12-Day War, Israeli police halted live international broadcasts from missile impact sites, citing concerns that exact locations were being revealed.

The Government Press Office later imposed a blanket ban on live coverage from crash and impact areas.

Communications Minister Shlomo Karhi and National Security Minister Itamar Ben-Gvir subsequently ordered that all foreign journalists obtain prior written approval from the military censor before broadcasting — live or recorded — from combat zones or missile strike locations.

Police said that when officers asked the CNN Turk crew to identify themselves, they presented expired press cards and were taken in for questioning.

Burhanettin Duran, head of Turkiye’s Directorate of Communications, condemned the arrests as an attack on the press and said Ankara is working to secure the journalists’ release.