Saudi Research and Media Group

Saudi Research and Media Group
Company typePublic
Tadawul: 4210
ISINSA000A0JK5M3 Edit this on Wikidata
IndustryMedia
Founded1972; 52 years ago (1972)
HeadquartersRiyadh
Key people
Hisham Hafiz and Mohammed Ali Hafiz (founders), Abdulrahman bin Ibrahim Rwaita (chairman), Jomana Rashed AlRashid (Chief Executive Officer)[1]
ProductsNewspapers, magazines
RevenueSAR 3,046 million (2021)[2]
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
2,700 employees[3]
Websitewww.srmg.com/en

Saudi Research and Media Group (SRMG), also known as the Saudi Media Group, is a Saudi state-backed media company registered in Riyadh.[4] The group mainly publishes, prints and distributes various publications.[5] The company operates in Saudi Arabia where there are no independent media.[6]

The company has close ties to the Mohammed bin Salman government in Saudi Arabia.[6] King Salman's sons have chaired the company.[4] Its closeness to the government of Saudi Arabia has led it to be considered an outlet for the government in the west, particularly in the United Kingdom.[7]

In April 2022, SRMG announced its new headquarters in Riyadh's King Abdullah Financial District (KAFD). The new headquarters commemorates the beginning of SRMG's global expansion and will house the offices of the Asharq network.[8][9]

  1. ^ "Marking a first, Saudi Arabian woman named new CEO of SRMG". 16 October 2020.
  2. ^ "Saudi Research and Media Group announces its Annual Financial Results for the Period Ending on 2021-12-31".
  3. ^ "Saudi Research and Media Group Basic Company Profile". Global Media Market Intelligence. 28 May 2012. Retrieved 28 May 2012.
  4. ^ a b "Saudi-backed group explores launch of English news channel to rival Al Jazeera". Financial Times.
  5. ^ "Saudi Research & Media Group - Company Profile and News". Bloomberg News.
  6. ^ a b "Independent joins Saudi group to launch Middle East websites". the Guardian. 19 July 2018. Retrieved 14 March 2022.
  7. ^ Waterson, Jim (19 October 2018). "Saudi Arabia pays UK firms millions to boost image". The Guardian. Retrieved 19 October 2018.
  8. ^ صحفية, بيانات. المجموعة السعودية للأبحاث والإعلام تعلن عن مقرها الجديد في مركز الملك عبدالله المالي " كافِد" في الرياض. Zawya (in Arabic). Archived from the original on 10 May 2022. Retrieved 16 May 2022.
  9. ^ المجموعة السعودية للأبحاث والإعلام تنتقل إلى المقر الجديد بالرياض. Cairo 24 (in Arabic). 9 April 2022. Archived from the original on 18 May 2022. Retrieved 16 May 2022.