MBC Group Reports Earnings Results for the Half Year Ended June 30, 2023

MBC Group CJSC is a Saudi Arabia-based entity which is primarily engaged in providing media services. The Company is engaged as media company in the Middle East and North Africa, providing service through information, interaction, and entertainment. The Company operates approximately 13 free-to-air television (TV) channels and three radio stations, such as MBC1, as well as MBC2, MBC3, MBC4, MBC5, MBC MASR, MBC IRAQ, and MBC LOUD FM. The Company also operates Shahid, the Arabic streaming platform that’s home to original productions from the Arab world, a range of series, movies and other premieres, as well as live TV channels, sports, kids offering, international content, and more. The Company operates MBC STUDIOS, a production powerhouse, for storytelling about Middle East. The Company runs MBC ACADEMY, an educational and training platform for Saudi people in the media and production space. MBC ACADEMY has gone on to train approximately 18,000 individuals.