PIF completes $2 billion acquisition of 54% stake in MBC Group

PIF completes $2 billion acquisition of 54% stake in MBC Group PIF completes $2 billion acquisition of 54% stake in MBC Group

Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) has completed the acquisition of a 54 percent stake in the Kingdom’s leading media company, MBC Group, in a deal valued at SR7.469 billion

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