Waleed bin Ibrahim Al Ibrahim
$1.0B
Born
Jan 01, 1961
Age
64
Source of Wealth
Broadcasting
Residence
Riyadh,
Citizenship
Saudi Arabia
Marital Status
Children
0
Education
- Waleed bin Ibrahim Al Ibrahim is founder and chairman of MBC Group Company, an Arab TV broadcaster originally called Middle East Broadcasting Center.
- MBC Group listed its shares in Saudi Arabia in late 2023; Al Ibrahim owns a 36% stake, while the Saudi Public Investment Fund owns 54%, effectively making it a state-controlled company.
- MBC operates 13 satellite-broadcast channels including English-language news channel Al Arabiya, based in Dubai--a competitor to Al Jazeera.
- MBC Group also launched and owns Arabic-language streaming platform Shahid, considered the largest such platform in Arabic.
- According to media reports, Al Ibrahim was detained by the Saudi government in Riyadh's Ritz Carlton Hotel--along with hundreds of fellow business leaders--for 83 days starting in November 2017.
- Al Ibrahim's sister was married to Saudi Arabia's late King Fahd (d. 2005); his close ties to the king reportedly helped his business flourish.
- MBC Group got its start in London in 1991 with a single satellite TV channel; Al Ibrahim expanded and moved its headquarters to Dubai in 2002 and to Riyadh in 2022.
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