The source told Sky News Arabia correspondent in Kuwait, today, Monday, that the shift in OSN’s business aims to focus on broadcasting via the OSN streaming platform, and this is supported by recent appointments in the company’s leadership, and is supported by the OSN Board of Directors.
The source added that the group is open to all options, including selling the assets or part of them if it receives a suitable offer for the share.
The source kept the door open to all possibilities when he said that “the matter is not limited to a particular sector” in this trend of selling.
KIPCO had previously announced its willingness to sell its stake or part of it in OSN if it received a suitable offer.
KIPCO was established in 1975, and it works in the field of investment and has a diversified portfolio covering the countries of the Gulf Cooperation Council, the Middle East and North Africa, and it was listed on the Kuwait Stock Exchange in September 1984, according to the company’s file on the stock exchange.
OSN was established through a merger Orbit Media Network and Showtime Arabia.