The story
The establishment of the SRMG dates back to 1963 when the first company of the group, Al Madina Printing and Publication Company, was founded. Al Madina Printing and Publication Company, was later called Saudi Printing and Packaging Company (SPPC) which was formally established in 1972. Hisham and Mohammed Ali Hafiz were one of the founders of the company. Kamal Adham, former head of Saudi intelligence, was also one of the early shareholders of the company.
Next, the company was established in London in 1978 with the launch of Asharq Al Awsat. 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.
The company was listed in the Saudi stock market, Tadawul, on 8 April 2006 and therefore went public. In August 2008, an independent board of trustees of the company was formed, making it the first Arab media company with such a body.
Jomana Alrashid was appointed CEO of SRMG in October 2020, becoming the first woman to hold the position.
Following Saudi Crown Prince Mohammed bin Salman's visit to Egypt in June 2022, SRMG agreed to fund the launch of the three Egyptian news channels in Cooperation with the General Intelligence Service (GIS) owned United Media Services (UMS).
In May 2021, the company was renamed from "The Saudi Research and Marketing Group" to "Saudi Research and Media Group".
In 2023, SRMG recorded its highest quarterly profit since its listing on the Saudi Stock Exchange in 2006 at SAR 249 million.
From Wikipedia’s article on Saudi Research and Media Group, shared under CC BY-SA 4.0.4