MBC Group

Cayman case sheds light on Saudi sports and royal business dealings

In depth
Issue 1169 - 18 May 2023 | 4 minute read

MBC Group Holdings, a British Virgin Islands-registered company connected to Saudi Arabia’s Al-Ibrahim family, has submitted a petition to a Cayman Islands court to wind up its partnership with a son of Saudi Arabia's late King Abdullah Bin Abdelaziz. The move offers an insight into how lucrative deals were awarded in the later years of Abdullah’s reign and how those deals were treated when King Salman Bin Abdelaziz took over in 2015.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options