Saudi Arabia’s Capital Market Authority approves MBC Group request to sell 33m shares

This approval will be valid for six months from CMA’s resolution date. (Wikimedia Commons/Sourced)
Short Url
Updated 22 November 2023
Follow

Saudi Arabia’s Capital Market Authority approves MBC Group request to sell 33m shares

  • The listing will be published ahead of the planned sale, said CMA in a statement

LONDON: Saudi Arabia’s Capital Market Authority approved on Tuesday a request from MBC Group to sell 10 percent of its capital, or 33.25 million shares, in an initial public offering on the Saudi Exchange Tadawul.

The listing for the Mideast pan-regional broadcaster and streamer will be published ahead of the planned sale, according to a CMA press statement.

This approval will be valid for six months from the market regulator’s resolution date and will be considered canceled if MBC Group does not complete its offering and listing within this period.

Saudi Arabia’s government owns 60 percent of the broadcaster, while Waleed Al-Ibrahim, the founder and chairman, owns the remaining stake.


DCO and Arab News partner to combat digital misinformation, explore AI’s impact on media

Updated 06 February 2026
Follow

DCO and Arab News partner to combat digital misinformation, explore AI’s impact on media

KUWAIT CITY: The Digital Cooperation Organization (DCO) and the international Saudi newspaper Arab News have signed a Letter of Engagement aimed at strengthening knowledge and expertise exchange on the impact of artificial intelligence in the media sector, as well as leveraging expert insights to develop best practices to combat online misinformation amid accelerating technological advancements.

DCO said this step aligned with its efforts to strengthen collaboration with international media institutions to support responsible dialogue around digital transformation and contribute to building a more reliable, inclusive, and sustainable digital media environment.

Commenting on the agreement, Deemah AlYahya, Secretary-General of the Digital Cooperation Organization, said: “At a moment when AI is reshaping how truth is produced, distributed, and trusted, partnership with credible media institutions is essential.”

She added that “working with Arab News allows us to bridge technology and journalism in a way that protects integrity, strengthens public trust, and elevates responsible innovation. This collaboration is about equipping media ecosystems with the tools, insight, and ethical grounding needed to navigate AI’s impact, while ensuring digital transformation serves people and their prosperity.”

Faisal J. Abbas, Editor-in-Chief of Arab News, emphasized that the partnership enhances media institutions’ ability to keep pace with technological shifts, noting that engagement with representatives of DCO Member States enables deeper understanding of emerging technologies and regulatory developments in the digital space.

He added: “DCO’s commitment to initiatives addressing online content integrity reflects a clear dedication to supporting a responsible digital environment that serves societies and strengthens trust in the digital ecosystem.”

The Letter of agreement was signed on the sidelines of the Fifth DCO General Assembly held in Kuwait City under the theme “Inclusive Prosperity in the Age of AI”, alongside the second edition of the International Digital Cooperation Forum, held from 4–5 February, which brought together ministers, policymakers, business leaders, entrepreneurs, and civil society representatives from more than 60 countries to strengthen international cooperation toward a human-centric, inclusive, and sustainable digital economy.