‎MBC unit wins Saudi govt contract for event production, management

MBC Group Co. said that its wholly owned subsidiary MBC Media KSA Ltd. was awarded today, Oct. 26, a project by a Saudi government entity to provide production and event management services in the Kingdom.

The project’s value exceeds 5% of the company’s total revenue, as per MBC’s audited 2024 financial statements, the company said in a Tadawul statement.

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MBC Media will provide production and event management services in Saudi Arabia for a budget amount that covers all costs associated with delivering these services, the statement added, noting that there are no related parties to the deal.

MBC Group’s total revenue reached about SAR 4.2 billion in 2024, meaning the project’s value exceeds SAR 200 million of this total, according to Argaam’s data.

MBC Group Co. said that its wholly owned subsidiary MBC Media KSA Ltd. was awarded today, Oct. 26, a project by a Saudi government entity to provide production and event management services in the Kingdom.

The project’s value exceeds 5% of the company’s total revenue, as per MBC’s audited 2024 financial statements, the company said in a Tadawul statement.

MBC Media will provide production and event management services in Saudi Arabia for a budget amount that covers all costs associated with delivering these services, the statement added, noting that there are no related parties to the deal.

MBC Group’s total revenue reached about SAR 4.2 billion in 2024, meaning the project’s value exceeds SAR 200 million of this total, according to Argaam’s data.