Saudi Arabia’s sovereign-backed Public Investment Fund (PIF) has bought a major slice of broadcaster MBC’s shares that it did not already own. PIF has acquired a 54 per cent stake in the broadcasting group for an aggregate price of SAR 7,469 million (€1.62bn), at a price of SAR 41.60 per share. The deal was carried […]
Es’hailSat, the Qatar Satellite Company, and Saudi Netlink have signed a joint cooperation and strategic partnership agreement for the purpose of providing joint satellite services across both their customer base located in Saudi Arabia, Qatar and spread across the Middle East and North Africa region. This partnership allows the customers of both companies to leverage […]
The Saudi Pro League (SPL) has extended its agreement with global sports marketing agency, IMG, to distribute the international media rights for the Roshn Saudi League (RSL) for the next four years. Since IMG started representing the league’s media rights in 2023, RSL distribution has grown significantly, with last season’s matches being aired in more […]
DAZN, the sports streaming platform, has secured the global rights to build a Roshn Saudi League hub on the DAZN platform for the next two seasons, expanding its portfolio of free football content available to fans globally. DAZN will feature a range of Saudi League highlights in English for the 2025/26 and 2026/27 seasons, available […]
MBC Group, the MENA media organisation, has announced new regional partnership with Netflix. The new agreement will give customers of MBCNOW – the recently launched entertainment service aggregator by MBC Group – seamless access to the full Netflix service. The newly created bundle will combine Netflix alongside Shahid, the Arabic streaming platform, in addition to […]
The Saudi Pro League (SPL) and Saudi Arabian Football Federation (SAFF) have announced a new five-year production partnership with IMG, the sports, events, and representation company, for the Roshn Saudi League (RSL), King’s Cup, and Saudi Super Cup, starting from the 2024-25 season. This season will mark a significant shift for the SPL and SAFF, […]
Saudi Arabia’s Public Investment Fund has created a new venture, the NEOSpace Group (NSG). The business says it aims to develop and enhance commercial activities related to the sector within Saudi Arabia by providing innovative solutions for satellite and space services both locally and internationally. The new business unit is part of Saudi Arabia’s move […]
The Saudi Cup 2024 – the world’s most valuable horse race – will be shown live by over 30 broadcasters with a reach that targets all corners of the globe for the $20 million contest. Now entering its fifth year, the Group 1 Saudi Cup is established as one of horse racing’s premium international events. […]
SEPI, Spain’s industrial public entity, is planning to acquire a 5 per cent stake in Telefónica. The move is aimed at strengthening the presence of the State in a “strategic company” such as Telefónica at a time when Saudi’s STC is taking an important stake in the operator, subject to the Government’s approval. According to […]
A division of Saudi Aramco, Wa’ed Ventures, has taken an investment in a Luxembourg-based hi-tech start-up. Luxembourg-based 5G Internet of Things (IoT) satellite operator OQ Technology has sought a €13 million series A funding round, along with Phaistos Investment Fund, managed by 5G Ventures from Greece. OQ Technology will use the funds to grow its […]