Waleed bin Ibrahim Al Ibrahim
| Waleed Al Ibrahim | |
|---|---|
| Born | Waleed bin Ibrahim Al Ibrahim |
| Residence | Riyadh |
| Nationality | Saudi Arabian |
| Occupation | Chairman of Middle East Broadcasting Company (MBC) |
| Years active | 1991 – present |
| Net worth | US$ 10.9 billion (2016) |
Waleed Al Ibrahim is a Saudi Arabian businessman and chairman of Middle East Broadcasting Center (MBC). He is the first commercially successful TV channel owner in the Middle East.
Waleed Al Ibrahim was born and raised in Saudi Arabia. He has eight brothers. Two of his elder brothers, Abdulaziz and Khalid, are businessmen investing in real estate in the U.S.. One of Waleed Al Ibrahim's sisters, Al Jawhara Al Ibrahim, was one of the wives of the late King Fahd. Another, Maha Al Ibrahim, is married to former deputy minister of defence and aviation, Prince Abdul Rahman. His third sister, Mohdi Al Ibrahim, is married to former Saudi minister of higher education,Khaled Al Angari.
Al Ibrahim received education in the US during the 1980s and completed his higher education there.
After completing his university education, al Ibrahim founded ARA Productions and Television Studios (ARAvision) in Saudi Arabia. It was his first enterprise in media. Later, it was called ARA Group International, becoming a media conglomerate that is made up of several radio and television companies airing the whole Arab world.
His company, ARAvision, was registered in Riyadh in 1995. The company was provided with an exclusive licence to deliver a wireless cable service to major cities in the Kingdom. Therefore, it was able to screen the satellite channels' content before being broadcast.
Al Ibrahim founded MBC in London in 1991 with another entrepreneur, Saleh Kamal, launching the first independent Arabic satellite TV station. In fact, the channel was directly linked to King Fahd himself through him. Waleed al Ibrahim was still in his twenties when he founded MBC. MBC is part of ARAvision. MBC acquired United Press International that was bankrupt at that time for $3.95 million in 1992 to bolster its news-gathering scope.
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