{"id":3805,"date":"2022-09-18T10:15:56","date_gmt":"2022-09-18T10:15:56","guid":{"rendered":"https:\/\/gulftimes.ae\/mbc-group-increases-al-arabia-shareholding-to-20\/"},"modified":"2022-09-18T10:15:56","modified_gmt":"2022-09-18T10:15:56","slug":"mbc-group-increases-al-arabia-shareholding-to-20","status":"publish","type":"post","link":"https:\/\/gulftimes.ae\/?p=3805","title":{"rendered":"MBC Group increases Al Arabia shareholding to 20%"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div class=\"field field-name-field-publication-date field-type-datestamp field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">Sun, 2022-09-18 12:46<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>\n\tRIYADH: MBC Holdings, a Saudi Arabian media conglomerate,\u00a0has increased its shareholding in Arabian Contracting Services Co., known as Al Arabia, from 15 percent to 20 percent.\u00a0<\/p>\n<p>\n\tAccording to a bourse statement, MBC purchased the\u00a0shares from Engineer Holding Group, marking a decline of its shares in Al Arabia from 65 percent to 50 percent.\u00a0<\/p>\n<p>\n\tThe statement said that a\u00a0share purchase agreement was signed between MBC Group and EHG\u00a0on Sept. 15, and the transaction will be implemented\u00a0as soon as all applicable procedures and requirements are satisfied.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-field-binary field-type-image field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above\">\n<div class=\"field-label\">Main category:&nbsp;<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\">Business &amp; Economy<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.arabnews.com\/node\/2164756\/business-economy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sun, 2022-09-18 12:46 RIYADH: MBC Holdings, a Saudi Arabian media conglomerate,\u00a0has increased its shareholding in Arabian&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-3805","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v27.4) - 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