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GIB Capital Financial Advisor to Arabian Contracting Services Company

MBC Group acquires minority stake in Arabian Contracting Services Company

 

GIB Capital acted as the Financial Advisor to Arabian Contracting Services Company (“Al Arabia”), on MBC Group’s (“MBC”) acquisition of a minority stake in Al Arabia, the leading out-of-home advertising solutions provider in Saudi Arabia and the region.


Al Arabia offers advertising, promotion, printing and maintenance services, which include roadside advertisement and indoor advertisement. Al Arabia owns and operates the largest portfolio of out-of-home advertising billboards covering 30 cities across Saudi Arabia. Al Arabia is one of the top 15 players in the out-of-home market globally in 2019, according to a market report. 


Mr. Mohammed Alkhereiji, the CEO of Al Arabia, said: “Our combined experience would allow us to develop a broader and more impactful offering to our clients. Al Arabia’s objective, as the leading out-of-home platform in the region, is to continue introducing innovative media solutions by leveraging available technologies to capture promising opportunities across the region. We will continue to introduce and develop the new digital solutions to the market as the pioneers in this field”.


Mr. Osamah Shaker, Chief Executive Officer and board member of GIB Capital said: "This partnership represents a great collaboration that will immensely enhance the development of out-of-home advertising sector in Saudi Arabia and the region. We are extremely proud to have been associated with this transaction. We congratulate Al Arabia and MBC on the successful closure and wish them all the best”. He also said, “ We at GIB Capital look forward to continuing to contribute to the development of the local M&A market through assisting in landmark transactions such as this one”.


GIB Capital, established in April 2008 in Saudi Arabia, is a wholly-owned subsidiary of Gulf International Bank (GIB). With more than two decades of investment banking presence in the region, GIB, now through GIB Capital, continues to offer a comprehensive range of investment banking products and services which are designed to provide innovative and customized financial and investment solutions for clients. GIB Capital provides a full spectrum of investment banking services to help corporates, family businesses, entrepreneurs, governments and quasi-government entities obtain financing solutions.


For more information, please contact:
Corporate Communications Department
Gulf International Bank
[email protected]
Telephone    : +973 17 534 000