The largest broadcaster in the Middle East is working with HSBC Holdings Plc and JPMorgan Chase & Co on an Initial Public Offering (IPO).
The IPO could take place in Riyad as early as 2023, according to Bloomberg, which first reported the story.
The Kingdom of Saudia Arabia owns 60% of the broadcaster, with the remainder held by the businessman Waleed Al-Ibrahim.
MBC was established in London in 1991, before moving to Dubai, and finally its present home in Dubai.
The first independent network in the region, MBC now broadcasts a suite of 20 channels.