Waleed bin Ibrahim Al Ibrahim

Net worth over time

Biography

• 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.

Financial assets