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14 April 2025 02:25 PM SRMG rolls out SAR 252m agreement
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) inked SAR 252 million with Taoq Public Relations Company on 14 April, according to a bourse filing. The three-year agreement covers providing operational services for multiple media …
Companies Investments
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8 April 2025 04:02 PM MENA-focused SRMG launches venture SRMG Media Solutions
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has launched SRMG Media Solutions (SMS), a next-generation, data-driven media solutions company. The newly launched venture is designed to deliver innovative and results-focused advertising …
Global Economy
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8 April 2025 02:14 PM MBC Group’s CEO resigns; Sneesby succeeds
Riyadh - Mubasher: Samuel James Kilion Barnett resigned from his position as the CEO of MBC Group, effective on 30 April 2025. The board appointed Michael John Sneesby as the new CEO, taking over his role on 1 May, according to a bourse statement. …
Corporate Actions
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6 April 2025 10:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
Global Economy
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27 March 2025 05:45 PM SRMG registers 64% plunge in net profit during 2024
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) recorded 63.96% year-on-year (YoY) lower net profits at SAR 201.69 million in 2024, compared to SAR 559.62 million. Likewise, the revenues dropped by 12.89% to SAR 3.26 billion at the end of …
Financial Results
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27 March 2025 03:19 PM MBC Group’s profits leap 2,327% in 2024
Riyadh - Mubasher: MBC Group logged net profits amounting to SAR 426.13 million in 2024, higher by 2,327% year-on-year (YoY) than SAR 17.55 million. The revenues hiked by 145.11% to SAR 4.19 billion last year from SAR 1.71 billion in 2023, …
Financial Results
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6 March 2025 04:05 PM Tihama incurs lower net losses in 9M-24/25; accumulated losses near 43.5% of capital
Riyadh – Mubasher: The net loss of Tihama Advertising and Public Relations Company declined by 54.89% to SAR 14.57 million during the first nine months (9M) of fiscal year (FY) 2024/2025, compared to SAR 32.31 million in 9M-23/24. Meanwhile, the …
Financial Results
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3 February 2025 07:31 PM Al Arabia inks SAR 972m facility deal with SAB
Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) penned a long-term bank facility agreement valued at SAR 972 million with Saudi Awwal Bank (SAB) on 3 February. The company aims to refinance the acquisition loan to Faden Media to …
Companies Investments
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1 January 2025 06:29 PM Al Arabia pens agreement with RGA with SAR 694m expected revenue
Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) has been awarded a contract to advertise on intercity roads in Saudi Arabia with total expected revenue valued at SAR 694.31 million. The Roads General Authority (RGA) inked the …
Companies Investments
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31 December 2024 07:28 PM MBC Group’s unit signs agreement with Sela for 2025 Joy Awards
Riyadh - Mubasher: MBC Media KSA Limited, a wholly-owned subsidiary of MBC Group, sealed a services agreement with Sela Company on 31 December 2024, according to a bourse filing. The deal covers providing production and management services for the …
Companies Investments
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10 November 2024 02:58 PM MBC Group’s profits skyrocket 378% in 9M-24
Riyadh - Mubasher: The net profits of MBC Group increased by 378% year-on-year (YoY) to SAR 250.51 million in the first nine months (9M) of 2024. The sales hit SAR 2.95 billion in January-September 2024, higher by 10.60% when compared to 9M-23, …
Financial Results
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6 November 2024 09:30 PM SRMG registers lower net profit in 9M-24, Q3
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) logged net profits worth SAR 316.74 million in the first nine months (9M) of 2024, which marked a 42.57% plunge from SAR 551.54 million in 9M-23. The revenue also decreased year-on-year …
Financial Results
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21 October 2024 03:43 PM MBC Group sells SAR 416.5m equity ownership in Al Arabia
Riyadh Mubasher: MBC Group sold part of its stake in Arabian Contracting Services Company (Al Arabia) at an amount of SAR 416.50 million, according to a bourse disclosure. MBC Group sold 2.45 million, equivalent to 4.90% of Al Arabia's share …
Companies Investments
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12 August 2024 02:39 PM MBC Group records nearly fivefold surge in H1-24 net profit; Shahid revenues exceed 40% increase
Riyadh Mubasher: MBC Group witnessed a 360% jump in net income to SAR 237.80 million during the first half (H1) of 2024 compared with SAR 51.70 million in H1-23. Meanwhile, the earnings per share (EPS) hit SAR 0.64 as of 30 June 2024, according to …
Financial Results
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7 August 2024 04:00 PM SRMG’s profits fall to SAR 168m in H1-24 results
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) posted 44.38% lower net profits at SAR 168.28 million in the first half (H1) of 2024, compared to SAR 302.59 million. The media group registered revenues valued at SAR 1.66 billion in H1-24, …
Financial Results
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30 July 2024 08:56 AM CMA passes Al Arabia’s 10% capital increase
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) has obtained the approval of the Capital Market Authority (CMA) for a 10% capital raise. Al Arabia will grant one bonus share for every 10 owned shares to implement the capital …
Companies Investments
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11 July 2024 10:39 AM Al Arabia teams up with SCAI to establish special purpose company
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) established a special purpose company Alarabia Alliances for Smart Advertisement, according to a bourse disclosure. The limited liability company was created in partnership with …
Companies Investments
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1 July 2024 01:52 PM SRMG pens SAR 240m agreement
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) inked a SAR 240 million contract with a commercial company whose activity is advertising and public relations to provide media and marketing services. The deal was signed by Taoq Public …
Companies Investments
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2 June 2024 10:14 AM Banque Saudi Fransi, Al Arabia eye capital increase via bonus shares
Riyadh – Mubasher: The board members of Banque Saudi Fransi and Arabian Contracting Services Company (Al Arabia) proposed a capital hike by granting bonus shares, according to bourse disclosures. The bank will raise its capital through the …
Board of Directors
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26 May 2024 11:38 AM MBC Group’s subsidiary seals deal for 90-episode series
Riyadh – Mubasher: MBC FZ-LLC, a fully-owned subsidiary of MBC Group, has signed a production contract with MedYapim Middle East Audiovisual Media Production Company, a related party, for the production of a television series. Signed on 23 May …
Companies Investments
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23 May 2024 10:16 AM SRMG appoints Chairman, Vice President
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has named Abdulrahman Ibrahim Alrowaita as the board’s Chairman for the next three years. SRMG also appointed Majid Abdulrhman Alissa as the Vice President, according to a bourse disclosure. …
Management Decisions
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19 May 2024 01:34 PM Al Arabia records 11% YoY profit increase in Q1-24
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) achieved an 11.01% year-on-year (YoY) jump in net profit to SAR 100.82 million in the first quarter (Q1) of 2024 from SAR 90.82 million. Revenues leapt by 40.56% YoY to SAR 439.07 …
Financial Results
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16 May 2024 09:44 AM MBC Group sees 36% higher revenues in Q1-24; profits exceed SAR 121m
Riyadh – Mubasher: MBC Group registered SAR 121.28 million in net profit during the first quarter (Q1) of 2024, according to the financial results. The group’s total revenues climbed by 36% to SAR 1.23 billion ($330 million) in Q1-24 from SAR 909 …
Financial Results
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15 May 2024 03:55 PM SRMG’s net profit plummets 28% YoY in Q1-24
Riyadh – Mubasher: The net profit of Saudi Research and Media Group (SRMG) plunged by 28.18% year-on-year (YoY) in net profit to SAR 86.87 million in the first quarter (Q1) of 2024 from SAR 120.97 million. Revenues decreased by 7.88% YoY to SAR …
Financial Results
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6 May 2024 06:20 PM Tihama’s Chairman resigns; Bargash designated
Riyadh – Mubasher: Tihama Advertising, Public Relations, and Marketing Company announced the resignation of Ibrahim bin Muhammad Al Shabib from his position as the Chairman of the board for personal reasons, according to a bourse disclosure. Al …
Board of Directors