Arqaam Capital

Kipco receives offer for OSN

Kipco, the majority owner of Middle East pay TV provider OSN, has received an offer for the company from an unspecified bidder. Kipco said it would evaluate the non-binding confidential offer and present it its board and minority ownership partner Mawarid Group. The group didn’t identify the buyer or the price. Dubai-based brokerage firm Arqaam […]

Arqaam raises OSN valuation ahead of possible IPO

Dubai-based Arqaam Capital has raised its estimate of pay TV group OSN’s worth from US$2.5 billion (€1.8 billion) to US$4.3 billion ahead of the company’s potential IPO. Arqaam said that OSN’s acquisition of South Asian channel provider Pehla Media & Entertainment in August would boost its performance. According to Arqaam, OSN posted revenue growth of […]