MBC Group, formerly known as Middle East Broadcasting Center, is a Saudi media conglomerate based in the Riyadh region. MBC Group was Launched in London in 1991 by Saudi businessman Waleed bin Ibrahim Al Ibrahim, who serves as its current Chairman, the company moved its headquarters to Dubai in 2002 and to Riyadh in 2022. It is majority owned by the Saudi government-operated Public Investment Fund. MBC Group operates over 19 free-to-air satellite TV channels, and a video-on-demand service. MBC 1 was the first broadcaster to provide a satellite-based, free-to-air 24-hour television broadcasting network across the Arab world. The Group's current chairman is Sam Barnett. Barnett returned as MBC Group CEO in December 2020 after a one-year departure. MBC's television arm broadcasts via Eutelsat, Arabsat and Nilesat satellites. MBC has more than 2,000 staff. In recent years MBC has been hit with major rounds of financial cuts, leading to 150 layoffs and major production cuts. These cuts were driven in part due to advertising not covering production costs and the failure to acquire exclusive rights to the Saudi league. As of 2011 MBC reported 165 million viewers. Wikipedia