Pan Arab Pay TV Company OSN Heading for an IPO
It is rare to see a media company in the Arab world listed in the stock market or heading for an IPO. However OSN might become the first to do so.
Kuwait Projects Co (KIPCO), the country’s largest investment company by assets, told Arabian Business on Saturday it had hired financial group Rothschild to advise on an initial public offering of its pay-TV company OSN.
KIPCO, a major regional investment house with stakes in media, industrial, financial and real estate companies, owns 60.5 percent of OSN and its Saudi-based partner Mawarid Group has 39.5 percent.
OSN is a Pan Arab destination for brand new Western, Arabic and Filipino TV entertainment. OSN is home to 100 premium channels including 36 HD channels