NKN Media Expansion Beyond UAE: AED 15M Deal
NKN Media’s expansion beyond the UAE follows an AED 15 million investment from entrepreneur Dhiraj Jain, who acquired a 5% stake in the UAE-headquartered media and television distribution company. The deal values NKN Media at AED 300 million.
The investment supports the company’s expansion beyond the UAE and its evolution into a diversified media company focused on original intellectual properties and strategic media partnerships.
What NKN Media does
NKN Media is a media and television distribution company developing original entertainment formats, international events and media partnerships. The company has a presence across the UAE, UK, Singapore, Malaysia, Canada, Bahrain, India and Sri Lanka, and partners with broadcast networks including Republic TV, Aaj Tak, India Today and Times Now.
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Its portfolio includes Falcons of Majlis, a UAE-focused reality funding show in which selected startups pitch their businesses to a panel of investors. The company also publishes SpiceRoute, the in-flight magazine of SpiceJet.
The company’s stated ambition
“Our ambition is to build NKN Media into a global media company originating from the UAE, with a strong portfolio of original properties,” said Majid Abdul Khan, CEO & Managing Director, NKN Media.
Jain’s investment also connects him to Falcons of Majlis, where he is associated with the project alongside entrepreneurs, investors and personalities from business and entertainment.
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