MBC Group Co. — M&A Activity 2025

Sep 18, 2025

MBC Group Company announces, on behalf of the Public Investment Fund, in accordance with Article (24)(b) of the Merger and Acquisition Regulations, the latest developments with regards to the notification it received from Istedamah Holding Company of its sale of its entire stake in MBC to PIF as announced on 01/05/1446H (corresponding to 03/11/2024G)

4072 · 18/09/2025 09:00:05 · Announcement #90239 · View on Saudi Exchange

MBC Group Company announces, on behalf of the Public Investment Fund, in accordance with Article (24)(b) of the Merger and Acquisition Regulations, the latest developments with regards to the notification it received from Istedamah Holding Company of its sale of its entire stake in MBC to PIF as announced on 01/05/1446H (corresponding to 03/11/2024G)

Element List

Explanation

Introduction

With reference to the announcement made by MBC Group Company (“Company”) on 01/05/1446H (corresponding to 03/11/2024G), with regards to the notification it received from Istedamah Holding Company (“IHC”), one of the substantial shareholders in MBC, of its sale of its entire stake in the Company amounting to one hundred seventy-nine million five hundred fifty thousand (179,550,000) shares, which represents (54%) of the entire share capital of the Company to the Public Investment Fund (“PIF”) (the “Transaction”), the Company announces that it has been notified by PIF of the completion of the Transaction.

Completion of the Transaction has occurred following, among other things, the receipt of all necessary approvals and non-objections required from the relevant entities. As a result of the Transaction, PIF’s stake in the entire share capital of the Company is (54%).

The Transaction was executed as a negotiated deal transaction between the two parties of the Transaction, IHC and PIF. The purchase price paid by PIF to IHC is a sum of SAR 7,469 million, through a private transaction which equates to SAR 41.60 price per share, for IHC’s entire 54% stake in the Company.

The acquisition of IHC stake in the Company is consistent with PIF’s plans to further develop the local media and entertainment sector, as a result of the Transaction, PIF envisions the following:

First: Impact of the Transaction on the Company’s Activities

The transaction is part of PIF’s ongoing strategy to grow the media and entertainment sectors, aiming to develop Saudi Arabia’s innovation capabilities by localizing and building a comprehensive media production ecosystem, which is expected to have a positive impact on the activities of the Company.

Second: Impact of the Transaction on the Company’s Shareholders

The transaction is part of PIF’s ongoing strategy to grow the media and entertainment sectors, aiming to develop Saudi Arabia’s innovation capabilities by localizing and building a comprehensive media production ecosystem which is expected to have a positive impact on the shareholders of the Company.

Third: Impact of the Transaction on the Company’s Employees

The Transaction will result in providing growth opportunities in the media and entertainment profession which will have a positive impact on the Company’s employees. Previous Announcement Announcement titled: “MBC Group Company announces that it has been notified by Istedamah Holding Company regarding the signing of a binding share sale and purchase agreement for the sale of Istedamah Holding Company’s entire stake in MBC Group Company to the Public Investment Fund.” Date of Previous Announcement on Saudi Exchange’s Website 2024-11-03 Corresponding to 1446-05-01 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The Transaction has now been completed. The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.