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Transaction has partly financed Air India’s purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement
Saudi Arabia’s MBC Group said the pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing.
MBC Group plans to use the IPO proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid and other initiatives.
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The media company will work with industry veteran Stu Levy, founder and CEO of Tokyopop