In January, Mbc Group CEO Sam Barnett led the Middle East’s largest broadcaster through a very successful IPO, which gave the Saudi-owned linear TV operator and streamer a $222 million financial boost.
This was preceded by the outbreak of the Israel-Hamas conflict in October 2023, that, as expected, has been taking its toll, in terms of both advertising intake and programming.
Below, Barnett speaks to Variety about how he’s been navigating an undoubtedly exceptional year so far.
What’s the rationale behind the flotation of 10% of Mbc that took place on the Saudi stock exchange in January?
The shareholders perceive that Mbc is a regional media champion. Having been a private company for some 33 years, it seemed a natural progression for us to become a public company and have the opportunity of raising funds from the market for its expansion.
Bloomberg called it “the world’s best-performing IPO.” What makes Mbc so attractive to investors?...
This was preceded by the outbreak of the Israel-Hamas conflict in October 2023, that, as expected, has been taking its toll, in terms of both advertising intake and programming.
Below, Barnett speaks to Variety about how he’s been navigating an undoubtedly exceptional year so far.
What’s the rationale behind the flotation of 10% of Mbc that took place on the Saudi stock exchange in January?
The shareholders perceive that Mbc is a regional media champion. Having been a private company for some 33 years, it seemed a natural progression for us to become a public company and have the opportunity of raising funds from the market for its expansion.
Bloomberg called it “the world’s best-performing IPO.” What makes Mbc so attractive to investors?...
- 4/30/2024
- by Nick Vivarelli
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.