Waleed bin Ibrahim Al Ibrahim

Waleed bin Ibrahim Al Ibrahim ( ''Walīd bin Ibrahīm Āl Ibrahīm'') (born 1962) is a Saudi Arabian businessman, and founder and chairman of Middle East Broadcasting Center, known as MBC Group.

In 2018, the government of Saudi Arabia arranged to acquire 60 percent of MBC, leaving the remaining 40 per cent of the company in Al Ibrahim’s hands. MBC Group said in a statement that Al Ibrahim would retain his stake and had, in his capacity as chairman, reviewed growth plans during a meeting held in the United Arab Emirates on 29 May 2018.

The Saudi Arabian government's acquisition of the MBC stake came against the backdrop of a number of owners and board members of MBC being summoned in 2017 to Riyadh, where they were arrested, accused of corruption, and locked in the Ritz-Carlton. These moves came following years of the Saudi Crown Prince attempting to purchase the media company. After 83 days the company's chief owner Waleed al-Ibrahim was released. A "senior MBC executive" was cited by Arabian Business as stating that Waleed al-Ibrahim was found innocent of any wrongdoing. Provided by Wikipedia