Saudi Arabia media giant MBC prices IPO at top of range

Saudi Arabia media giant MBC prices IPO at top of range

Riyadh, Saudi Arabia's capital and main financial hub. Photo by ekrem osmanoglu on Unsplash.

Saudi state-owned media giant MBC priced its initial public offering (IPO) at the top of the previously announced range, selling its shares at 25 riyals ($6.67) each on Tuesday.