MBC Group chairman reaffirms control in strategy meeting

MBC Group’s Chairman Waleed Al-Ibrahim, chaired a strategy meeting with senior management and top executives, at MBC headquarters in Dubai Media City. MBC said in a statement that Waleed Al-Ibrahim retains his original stake in MBC Group, continues to act as its Chairman and enjoys management control.
MBC Group’s Chairman Waleed Al-Ibrahim, addresses senior management and top executives at the group's headquarters in Dubai
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MBC Group’s Chairman Waleed Al-Ibrahim, addresses senior management and top executives at the group's headquarters in Dubai

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Today, MBC Group’s Chairman Waleed Al-Ibrahim, chaired a strategy meeting with senior management and top executives, at MBC headquarters in Dubai Media City, during which he reviewed the Group’s vision for the future and validated growth plans, for the years to come. The meeting was held in the presence of more than 100 top executives, at MBC Group’s headquarters in Dubai Media City.

Saudi Arabian authorities have allowed MBC Group chairman Waleed al-Ibrahim to leave the kingdom for the first time since he was detained in an anti-graft purge late last year. This was the first time since November that the MBC chairman has traveled outside the Kingdom. 

MBC said in a statement that Waleed Al-Ibrahim retains his original stake in MBC Group, continues to act as its Chairman and enjoys management control.

Al-Ibrahim seized the opportunity to reiterate his continued belief in MBC’s competitive mindset, team spirit, proven capabilities and track-record - thus always staying ahead of the curve. Al-Ibrahim also highlighted that future expansion plans and in-market opportunities, especially in Saudi Arabia, will bring wider horizons and broader opportunities across the entire group.

He commented: “With leadership, excellence, determination and cultural relevance, there is no limit to our ambitions. We look ahead for greater achievements, as we confidently expand our plans."

Al-Ibrahim revealed that the coming stage shall witness MBC Group's entry into new markets and sectors, in various fields, with the Group shifting a greater focus towards Saudi Arabia and neighboring markets, in line with the current transformational positive changes occurring in the Kingdom, across various sectors, including, but not limited to: premium content production, media, entertainment, ICT, and technology.

Furthermore, participants in the meeting discussed challenges and opportunities ahead, as part of a comprehensive plan that details the various strategies of the Group in the coming years.

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