Riyadh – Mubasher: MBC Group has appointed Mishari bin Naji bin Saleh Al Ibrahim as a non-executive member of its Board of Directors, effective from 23 June 2026.
This follows the resignation of board member Abdulrahman bin Ibrahim Al Rwaita, whose resignation was previously announced on 17 June. The term for the new appointment will run until the conclusion of the current board cycle, which is scheduled to end on 18 April 2027.
Al Ibrahim, who currently serves as the Head of Entertainment and Hospitality at the Public Investment Fund (PIF), brings extensive investment expertise to the group as it continues its strategic expansion within the regional media and entertainment sectors.
Al Ibrahim’s professional background is characterized by significant experience in high-level investment management and corporate governance.
He holds a Bachelor’s degree in Accounting from Dublin College and a Master of Business Administration (MBA) from Georgetown University. Additionally, he is a certified professional accountant through the Institute of Management Accountants.
Beyond his primary role at the Public Investment Fund, where he leads the Direct Investments department for the entertainment and hospitality sectors, Mr. Al-Ibrahim holds several other high-profile board and committee memberships.
These include positions at the Saudi Entertainment Ventures Company (SEVEN) and the Saudi Tourism Investment Company (ASFAR).
His professional focus aligns with the strategic objectives of Saudi Vision 2030, particularly in diversifying the Kingdom’s economy through the development of the tourism and entertainment industries.
The Chairman of MBC Group, Waleed bin Ibrahim Al-Ibrahim, expressed his confidence in the new appointment, noting that Al Ibrahim’s expertise is expected to provide qualitative value to the board.
He emphasized that this addition will support the group’s growth plans and reinforce its market position. Upon his appointment, Al Ibrahim stated his intention to work closely with the board and executive management to achieve the group's strategic goals and drive sustainable growth.
As a major player in the regional media landscape for over 30 years, MBC Group operates 13 free-to-air television channels and reaches a weekly audience of over 150 million viewers. The company is listed on the Saudi Exchange (Tadawul) under the symbol 4072.
While the board has approved the appointment, the company clarified that the decision is not yet final.
In accordance with Saudi corporate governance regulations, the appointment will be presented at the next General Assembly meeting for formal shareholder ratification. No further regulatory non-objections are required for this transition.
