Oct 01: NKN Media, a UAE-headquartered media and television distribution company, has reached a valuation of AED 300 million, following a strategic investment of AED 15 million by entrepreneur and investor Dhiraj Jain, Founder & Chairman of 1XL. He has acquired a 5% stake in the company.
The investment marks a significant milestone in NKN Media’s journey as the company accelerates its expansion beyond the UAE and strengthens its position within the global media and entertainment ecosystem. Founded with a focus on media distribution, NKN Media has been steadily evolving into a diversified media company with a growing portfolio of original intellectual properties, entertainment formats, international events and strategic media partnerships.
The company’s latest growth phase is being driven with its focus on developing original IPs from the UAE for audiences across India, the Middle East and international markets. One of NKN Media’s latest original properties – Falcons of Majlis, is a UAE-focused reality funding show built around the country’s rapidly growing startup ecosystem.
Mr. Majid Abdul Khan, CEO & Managing Director, NKN Media, said “Reaching a valuation of AED 300 million is a proud milestone for NKN Media and a strong validation of the vision we have been building from the UAE. Dhiraj Jain’s association is not only a strategic investment in the company, but also reflects the growing confidence in our ability to create original, scalable IPs for the global audiences. His experience as an entrepreneur and investor, together with his association with Falcons of Majlis, brings valuable strategic perspective as we enter our next phase of growth. Our ambition is to build NKN Media into a global media company originating from the UAE, with a strong portfolio of original properties.”
Mr. Dhiraj Jain, Founder & Chairman, 1XL, said “Having closely experienced NKN Media’s vision through my association with Falcons of Majlis, I see strong potential in the company’s transition from media distribution to building original, scalable IPs. The UAE’s growing media and entertainment ecosystem presents a compelling opportunity, and I look forward to contributing to NKN Media’s next phase of growth.”
With its expanding international presence, strategic partnerships and growing portfolio of original properties, NKN Media is entering its next phase with a clear focus on building a global media and entertainment platform from the UAE.