Logo ofSaudi Research and Media Group (SRMG)
Saudi Research and Media Group’s (SRMG) shareholders approved, in an ordinary general meeting (OGM) on June 24, a number of business contracts concluded with related parties during 2024. 
In a statement to Tadawul, the group said shareholder approved the transaction and contracts executed between the group and Hala Printing Co., which is one of the subsidiaries of Saudi Printing and Packaging Co., in which some board members have an indirect interest. These transactions represent printing contracts with a total value of SAR 17.9 million in 2024. There were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Shareholders also approved the transaction and contracts executed between the group and Medina Printing and Publishing Co., which is one of the subsidiaries of Saudi Printing and Packaging Co. These transactions represent a printing contract, noting that the total value of these transactions amounted to SAR 9.9 million during 2024. There were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Additionally, shareholders ratified the transactions made with SRMG subsidiaries, in which the group paid in advance an amount of SAR 43.6 million to be used to cover 2025 transactions.
Furthermore, they approved the transaction and contracts executed between SRMG and Argaam Investments Co. Ltd, in which the board member Jomana R. Alrashid, and Mohammed Nazer, Chief Financial Officer of the group, own an indirect interest. These transactions represent advertorial, advertising services and subscription fees, noting that the total value of these transactions amounted to SAR 301,500 during 2024, while the amounts due from Argaam stood at SAR 175 as of Dec. 31, 2024 (without any preferential conditions).
The OGM further approved the transaction and contracts executed between the group and Thmanyah Co. for Publishing and Distribution. These transactions represent production cost, sponsorship, advertising and other media services provided, noting that the total value of these transactions amounted to SAR 15.12 million during 2024, while the amounts due from Thmanyah Co. were SAR 6.03 million as of Dec. 31, 2024. (without any preferential conditions).
Moreover, shareholders passed the transactions made with Thmanyah Co. in which the group financed Thmanyah an amount of SAR 15 million while the amounts owed from Thmanyah Co. for Publishing and Distribution were SAR 15 million as of Dec. 31, 2024.
They also ratified the transaction and contracts executed between the group and Al-Fahd Law Firm, noting that the total value of these transactions amounted to SAR 49,766 during 2024, and there were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Besides, shareholders endorsed the transaction and contracts executed between the group and Red Sea Films Foundation. These transactions represent Sponsorship and media services provided in a form of barter deal between the two parties, noting that the total value of these transactions amounted to SAR 3 million in 2024, and there were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Meanwhile, they accepted the transaction and contracts executed between the group and MBC FZ LLC which is one of the subsidiaries of MBC Group. These transactions represent Program production and media services provided between the two parties, noting that the total value of these transactions amounted to SAR 3.75 million during the fiscal year 2024, while the amounts due from MBC FZ LLC were SAR 4.31 as of Dec. 31, 2024 (without any preferential conditions).
The company also noted that all aother items on the meeting’s agenda were accepted.
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Logo ofSaudi Research and Media Group (SRMG)
Saudi Research and Media Group’s (SRMG) shareholders approved, in an ordinary general meeting (OGM) on June 24, a number of business contracts concluded with related parties during 2024.
In a statement to Tadawul, the group said shareholder approved the transaction and contracts executed between the group and Hala Printing Co., which is one of the subsidiaries of Saudi Printing and Packaging Co., in which some board members have an indirect interest. These transactions represent printing contracts with a total value of SAR 17.9 million in 2024. There were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Shareholders also approved the transaction and contracts executed between the group and Medina Printing and Publishing Co., which is one of the subsidiaries of Saudi Printing and Packaging Co. These transactions represent a printing contract, noting that the total value of these transactions amounted to SAR 9.9 million during 2024. There were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Additionally, shareholders ratified the transactions made with SRMG subsidiaries, in which the group paid in advance an amount of SAR 43.6 million to be used to cover 2025 transactions.
Furthermore, they approved the transaction and contracts executed between SRMG and Argaam Investments Co. Ltd, in which the board member Jomana R. Alrashid, and Mohammed Nazer, Chief Financial Officer of the group, own an indirect interest. These transactions represent advertorial, advertising services and subscription fees, noting that the total value of these transactions amounted to SAR 301,500 during 2024, while the amounts due from Argaam stood at SAR 175 as of Dec. 31, 2024 (without any preferential conditions).
The OGM further approved the transaction and contracts executed between the group and Thmanyah Co. for Publishing and Distribution. These transactions represent production cost, sponsorship, advertising and other media services provided, noting that the total value of these transactions amounted to SAR 15.12 million during 2024, while the amounts due from Thmanyah Co. were SAR 6.03 million as of Dec. 31, 2024. (without any preferential conditions).
Moreover, shareholders passed the transactions made with Thmanyah Co. in which the group financed Thmanyah an amount of SAR 15 million while the amounts owed from Thmanyah Co. for Publishing and Distribution were SAR 15 million as of Dec. 31, 2024.
They also ratified the transaction and contracts executed between the group and Al-Fahd Law Firm, noting that the total value of these transactions amounted to SAR 49,766 during 2024, and there were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Besides, shareholders endorsed the transaction and contracts executed between the group and Red Sea Films Foundation. These transactions represent Sponsorship and media services provided in a form of barter deal between the two parties, noting that the total value of these transactions amounted to SAR 3 million in 2024, and there were no due amounts as of Dec. 31, 2024 (without any preferential conditions).
Meanwhile, they accepted the transaction and contracts executed between the group and MBC FZ LLC which is one of the subsidiaries of MBC Group. These transactions represent Program production and media services provided between the two parties, noting that the total value of these transactions amounted to SAR 3.75 million during the fiscal year 2024, while the amounts due from MBC FZ LLC were SAR 4.31 as of Dec. 31, 2024 (without any preferential conditions).
The company also noted that all aother items on the meeting’s agenda were accepted.
