Waleed bin Ibrahim Al Ibrahim | |
|---|---|
 | |
| Born | 1962 (age 61–62) Riyadh, Saudi Arabia |
| Nationality | Saudi Arabian |
| Occupation | Chairman of Middle East Broadcasting Company (MBC) |
| Years active | 1991 – present |
Waleed bin Ibrahim Al Ibrahim (Arabic: وليد بن إبراهيم آل إبراهيم Walīd bin Ibrahīm Āl Ibrahīm) (born 1962) is a Saudi Arabian businessman, and founder and chairman of Middle East Broadcasting Center, known as MBC Group.[1]
In 2018, the government of Saudi Arabia arranged to acquire 60 percent of MBC, leaving the remaining 40 per cent of the company in Al Ibrahim’s hands.[2] MBC Group said in a statement that Al Ibrahim would retain his stake and had, in his capacity as chairman, reviewed growth plans during a meeting held in the United Arab Emirates on 29 May 2018.[2]
The Saudi Arabian government's acquisition of the MBC stake came against the backdrop of a number of owners and board members of MBC being summoned in 2017 to Riyadh, where they were arrested, accused of corruption, and locked in the Ritz-Carlton. These moves came following years of the Saudi Crown Prince attempting to purchase the media company. After 83 days the company's chief owner Waleed al-Ibrahim was released.[3] A "senior MBC executive" was cited by Arabian Business stating that Waleed al-Ibrahim was found innocent of any wrongdoing.[4]
- ^ "Waleed bin Ibrahim Al Ibrahim". Global Competitiveness Forum. Retrieved 19 April 2013.
- ^ a b Katie Paul. "Chairman of Saudi media group MBC allowed to travel to Dubai". Reuters. Retrieved 12 June 2018.
- ^ Hubbard, Ben (26 January 2018). "Saudi Arabia Frees Media Mogul, but His Company's Fate Remains a Mystery". The New York Times. ISSN 0362-4331. Retrieved 15 March 2020.
- ^ "Saudi Arabia to seize controlling stake in broadcaster MBC".