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JP Morgan Exclusive: Lead Adviser Appointment for MBC IPO Explained

MBC Group, the largest broadcaster in the Middle East, has enlisted the services of JP Morgan and HSBC for a potential high-profile initial public offering (IPO) in Saudi Arabia.

MBC Group partners with HSBC and JP Morgan for a potential high-profile IPO in Saudi Arabia, signalling growth and opportunity. PHOTO: Neil Hall/Reuters
MBC Group partners with HSBC and JP Morgan for a potential high-profile IPO in Saudi Arabia, signalling growth and opportunity. PHOTO: Neil Hall/Reuters

The regulatory authorities have granted approval for MBC to sell a 10% stake, equivalent to 33.25 million shares, as part of the capital raise in the IPO.

Initially, MBC was the first privately-owned pan-Arab satellite TV

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