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m Reverted 1 edit by Anasai92 (talk): Edit warring, deleting cited reference basis personal opinion. no counter citation provided.
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There are no links between SRMG and Saudi King family. The content that has been added on 14th March 2022 is false with no proof at all. It has been added after SRMG's bid to take over Chelsea FC. It is a cheap tactic to tarnish SRMG's bid for Chelsea FC.
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'''Saudi Research and Media Group''' ('''SRMG''') is a Saudi [[joint stock company]] registered in [[Riyadh]]. The group mainly publishes, prints and distributes various publications.<ref>{{cite news|title=Saudi Research and Marketing Group|url=https://www.bloomberg.com/quote/RESEARCH:AB/profile|access-date=23 August 2012|work=Bloomberg|date=15 August 2012}}</ref> The company operates in Saudi Arabia where there are no independent media.<ref name=":0">{{Cite web |date=2018-07-19 |title=Independent joins Saudi group to launch Middle East websites |url=http://www.theguardian.com/media/2018/jul/19/independent-joins-saudi-group-to-launch-middle-east-websites |access-date=2022-03-14 |website=the Guardian |language=en}}</ref>
'''Saudi Research and Media Group''' ('''SRMG''') is a Saudi [[joint stock company]] registered in [[Riyadh]]. The group mainly publishes, prints and distributes various publications.<ref>{{cite news|title=Saudi Research and Marketing Group|url=https://www.bloomberg.com/quote/RESEARCH:AB/profile|access-date=23 August 2012|work=Bloomberg|date=15 August 2012}}</ref> The company operates in Saudi Arabia where there are no independent media.<ref name=":0">{{Cite web |date=2018-07-19 |title=Independent joins Saudi group to launch Middle East websites |url=http://www.theguardian.com/media/2018/jul/19/independent-joins-saudi-group-to-launch-middle-east-websites |access-date=2022-03-14 |website=the Guardian |language=en}}</ref>


The company has close ties to the [[Mohammed bin Salman]] regime in Saudi Arabia.<ref name=":0" /> Its closeness to the regime of [[Saudi Arabia]] has led it to be considered an organ of [[soft power]] for the regime in the west, particularly in the United Kingdom.<ref>{{cite news|last1=Waterson|first1=Jim|title=Saudi Arabia pays UK firms millions to boost image|url=https://www.theguardian.com/world/2018/oct/19/saudi-arabia-pays-uk-firms-millions-to-boost-image|access-date=19 October 2018|work=The Guardian|date=19 October 2018}}</ref>


==History==
==History==
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==Major shareholders==
==Major shareholders==
The company has been often related with the Saudi King [[Salman bin Abdulaziz]].<ref name=spocket>{{cite journal|author=Abdul Bari Atwan|author2=Jihad Khazen|title=In the Saudi pocket|journal=Index on Censorship|year=1996|volume=25|issue=2|pages=50–55|doi=10.1080/03064229608536032}}</ref> However, he is neither the chairman nor the shareholder of the company.
Major shareholders of the SRMG are as follows:<ref name=gulfbase/>
Major shareholders of the SRMG are as follows:<ref name=gulfbase/>

Revision as of 11:26, 16 March 2022

Saudi Research and Media Group
Tadawul
ISINSA000A0JK5M3 Edit this on Wikidata
IndustryMedia; public and investor relations
Founded5 July 1988; 36 years ago (1988-07-05)
HeadquartersRiyadh
Key people
Abdulrahman bin Ibrahim Rwaita (chairman)
Products100% Ownership
Asharq Al Awsat
Arab News
Al Majalla
Al Eqtisadiah
Asharq News
Asharq Business
Hia (magazine)
Sayidaty
The Majalla
Al Jamila
Arriyadiyah
Urdu News
RR Arabia
Malayalam News
Arrajol
About Her
51% Ownership
Argaam
RevenueSAR 1,066.840 million (2010)[1]
Total assets5,748,512,000 Saudi riyal (2019) Edit this on Wikidata
OwnerAl Ahli Capital Fund 13 29.90%
Al Ahli Capital Fund 4 29.90%
Number of employees
300[1]
Websitewww.srmg.com/ar

Saudi Research and Media Group (SRMG) is a Saudi joint stock company registered in Riyadh. The group mainly publishes, prints and distributes various publications.[2] The company operates in Saudi Arabia where there are no independent media.[3]


History

The establishment of the SRMG dates back to 1963 when the first company of the group, Al Madina Printing and Publication Company, was founded.[4] Al Madina Printing and Publication Company, was later called Saudi Printing and Packaging Company (SPPC).[5] Hisham & Mohammed Ali Hafiz were one of the founders of the company.[6] Kamal Adham, former head of Saudi intelligence, was also one of the early shareholders of the company.[7]

Next, the company was established in London in 1978.[8] Ten years later, on 5 July 1988, it was registered as a limited liability company in Riyadh and then, converted into a joint stock company in 2000.[9]

The company was listed in the Saudi stock market, Tadawul, on 8 April 2006 and therefore, went public.[10][11] In August 2008, an independent board of trustees of the company was formed, making it the first Arab media company with such a body.[10]

Major shareholders

Major shareholders of the SRMG are as follows:[12]

  • Al Ahli Capital Fund 13 29.90%
  • Al Ahli Capital Fund 4 29.90%

From 1989 to his death in 2002, Ahmed bin Salman was the chairman of the company.[13][14][15] Then, his younger brother Faisal bin Salman became the chairman of the company. On 9 February 2013, Turki bin Salman succeeded Prince Faisal as chairman of the SRMG when the latter was appointed governor of the Madinah province.[16] Prince Turki's term as chairman ended in April 2014 when he resigned from the post.[17]

On 13 December 2015 the board of directors appointed Badr bin Abdullah Al Saud as the chairman and an independent member of the board.[18] He quit June 2, 2018.

Business fields

SRMG is the largest publishing company in the Middle East engaged mainly in providing information products and services by publishing newspapers and magazines across the Middle East and globally.[12] The company owns fifteen daily, weekly and monthly newspapers and magazines,[19] including Asharq Al Awsat, Arab News, Al Majalla, Urdu News, Arrajol and Al Eqtisadiah. Its establishment is regarded as the beginning of the new Saudi media empire.[8] Global Investment House in its 2009 report stated that SRMG newspapers have 29.3% market share in Saudi Arabia.[4]

Additionally, the company also deals with marketing, advertising and distributing services heavily across the MENA region and Europe.[20] SRMG operates in seven countries.[1]

Subsidiaries, associates and joint ventures

Major subsidiaries, associates and joint ventures of SRMG are given as follows:[12]

Company Major activity Country
Al Khaleejiah Advertising and Public Relations Company Advertising and public relations services Saudi Arabia
Saudi Distribution Company Distribution Saudi Arabia
Arab Media Company Ltd. Printing and publishing Saudi Arabia
Al Ofoq Information Systems and Communication Company Information systems and communication Saudi Arabia
Saudi Research and Publishing Company Research and publishing Saudi Arabia
Saudi Commercial Company Trading in perfumes, household items, and printing supplies Saudi Arabia
Middle East Company Ltd. Printing and publishing United Kingdom
HH Saudi Research and Marketing Company Publishing and distribution United Kingdom
Satellite Graphics Company Printing United Kingdom
Arab Net Technology Ltd. Internet services United Kingdom
Moroccan Printing and Publishing Company Printing and publishing Morocco
Kuwait Group for Publishing, and Distribution Company Ltd. Distribution Kuwait
Emirates Printing, Publishing, and Distribution Company Ltd. Distribution UAE
Asharq News Services Multimedia (Online + TV) Saudi, UAE

References

  1. ^ a b c "Saudi Research and Media Group Basic Company Profile". Global Media Market Intelligence. 28 May 2012. Retrieved 28 May 2012.
  2. ^ "Saudi Research and Marketing Group". Bloomberg. 15 August 2012. Retrieved 23 August 2012.
  3. ^ "Independent joins Saudi group to launch Middle East websites". the Guardian. 19 July 2018. Retrieved 14 March 2022.
  4. ^ a b "Saudi Research and Marketing Group" (PDF). Global Investment House. November 2009. Retrieved 28 May 2012.
  5. ^ "Our Profile". SPPC. Retrieved 29 May 2012.
  6. ^ "Saudi media pioneer dies". AMEInfo. Arab News. 27 February 2006. Archived from the original on 16 July 2012. Retrieved 12 August 2012.
  7. ^ Jon B. Alterman (1998). "New Media New Politics?" (PDF). The Washington Institute. 48.
  8. ^ a b Ibrahim Nawar (2006). "Arab media lagging behind". WACC. Retrieved 5 June 2012.
  9. ^ "Investor relations". SRMG. Retrieved 21 May 2012.
  10. ^ a b "SRMG Becomes First Arab Media Group to Set up Board of Trustees". Asharq Alawsat. 18 August 2008. Retrieved 5 April 2013.
  11. ^ "SRMG Goes Public". The Arab Press Network. 28 March 2006. Retrieved 9 September 2014.
  12. ^ a b c "The Saudi Research and Marketing Group – SRMG". Gulf Base. Retrieved 10 January 2016.
  13. ^ Cite error: The named reference spocket was invoked but never defined (see the help page).
  14. ^ Joe Drape (23 July 2002). "Prince Ahmed bin Salman, Top Horse Owner, Dies at 43". The New York Times. Retrieved 23 May 2012.
  15. ^ "Prince Ahmad ibn Salman passes away". Arab News. 23 July 2002. Retrieved 16 July 2012.
  16. ^ "Prince Turki bin Salman New SRMG Chairman". Asharq Alawsat. 10 February 2013. Retrieved 26 February 2013.
  17. ^ "Prince Turki bin Salman resigns as SRMG chairman". Arab News. Jeddah. 7 April 2014. Retrieved 10 January 2016.
  18. ^ "Prince Badr SRMG chairman". Arab News. Retrieved 10 January 2016.
  19. ^ "Saudi Research and Marketing Group (SRMG)". Kingdom Holding Company. Retrieved 21 May 2012.
  20. ^ "Saudi Research and Marketing Group". Mubasher Info. Retrieved 21 May 2012.
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