Top Mideast Broadcaster Gets $14.5 Billion Orders for Saudi IPO
- MBC Group sets IPO price at 25 riyals per share, top of range
- IPOs in Persian Gulf continue to attract strong demand
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MBC Group, the Middle East’s biggest broadcaster, drew $14.5 billion in investor orders for its Saudi initial public offering of 831 million riyals ($222 million), boosting the year-end rush of listings in the Persian Gulf.