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Saudi Arabia’s Tadawul All Share Index closed at 12,025.05, up 0.46%, with a trading turnover of SR6.02 billion. Zamil Industrial Investment Co. led gains with a 9.92% rise, while SAL Saudi Logistics Services Co. fell 3.88%. MBC Group reported a significant profit increase, while Emaar, The Economic City, faced a substantial net loss. The Capital Market Authority approved Specialized Medical Co.'s public share offering of 75 million shares.
The Middle East's largest broadcaster saw a surge of up to 10% in Saudi Arabia following the announcement that the Public Investment Fund (PIF) will acquire a 54% stake in MBC Group from the Ministry of Finance for approximately $2 billion. This significant transaction marks a pivotal shift in ownership for the media giant.
MBC Group Co.
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Saudi main index rises as MBC Group reports significant profit increase
MBC Group Co.
Zamil Industrial Investment Company
SAL Saudi Logistics Services Co
Fawaz Abdulaziz Al Hokair & Company
SAU
Fawaz Abdulaziz Fahd
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14:15 27.03.2025
Saudi PIF acquires majority stake in MBC Group boosting shares by 10 percent
09:39 03.11.2024
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