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Saudi Research & Media Group Announces Transformation Strategy Focusing on Platform Expansion and International Partnerships Across Five New Verticals

Saudi Research & Media Group Announces Transformation Strategy Focusing on Platform Expansion and International Partnerships Across Five New Verticals
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Saudi Research & Media Group Announces Transformation Strategy Focusing on Platform Expansion and International Partnerships Across Five New Verticals

Saudi Research & Media Group Announces Transformation Strategy Focusing on Platform Expansion and International Partnerships Across Five New Verticals

The Saudi Research & Media Group (SRMG) – which owns more than 30 major media outlets including Asharq Al-Awsat, Asharq News and Arab News, and has a combined monthly reach of 165 million – announced on Sunday a new transformation strategy focusing on platform expansion, international partnerships and strategic investments across five key business verticals.

SRMG, which is listed on the Tadawul stock exchange in Riyadh, will further expand its current portfolio, digital offerings and global reach by transforming print publications into digital-first platforms, introducing new platforms that address white spaces in the market, investing in media start-ups with bold ideas and building long-term mutually beneficial partnerships with internationally recognized brands. SRMG already has successful partnerships and collaborations with leading media organizations including Bloomberg and The Independent.

Driven by a newly appointed leadership team, SRMG is focused on delivering original, exclusive and premium content to consumers through new digital and social platforms, as well as strengthening its cable and satellite reach. The Group will continuously look to leverage its data and technology capabilities to develop new products and services, enhance its monetization capabilities and diversify its revenue streams.

Building on its expanding network of outlets, SRMG will work across five business verticals to unlock new regional and international commercial opportunities:

1. SRMG Media: Digital Platforms, Podcasts and Multimedia

Digitizing and expanding content creation and distribution to engage audiences with original, unique and exclusive content

2. SRMG International: International Investments and Partnerships

Building a global network through bespoke partnerships and strategic investments, driven by a team of seasoned media professionals with global experience

3. SRMG Think: Research and Polling

Providing unique insights and expert analysis from the Middle East and around the world

4. SRMG X: Events, Conferences and Exhibitions

Delivering leading events that provide important opportunities for personal connection and engagement in a digital world

5. SRMG Labs: Innovation, Incubation, and Training

Fostering talent and technology, and driving creativity and innovation in the regional media space, while helping to train the next generation of media professionals, journalists and content creators

Abdulrahman Ibrahim Alrowaita, Chairman of SRMG, said: “For almost five decades, our titles like Asharq Al-Awsat, Arab News, Sayidaty and others have played a significant role in telling authentic and impactful stories from the Middle East and around the world. Now, driven by our new strategy, we will strengthen our unique and established position by expanding our global focus and reach and widening our regional footprint in a growing media sector.

“Through new platforms and international partnerships, we will empower global audiences with relevant and reliable news and information. We will remain committed to diversity and inclusivity in journalism and across our newsrooms, fostering talent and innovation by helping develop the next generation of media professionals, journalists and content creators.”

Jomana Al-Rashid, Chief Executive Officer of SRMG, said: “Our focus on premium content creation, introducing new platforms and expanding our reach through new titles and services ensures SRMG will be the primary driver of the region’s digital future in media. New platforms will allow our journalists to report news and deliver audience-centric content backed by data and driven by the latest technology, to reinforce SRMG’s position as the premier media house in the Middle East.

“Our new strategy is an exciting next chapter for a media house with a long legacy of growth and innovation. We look forward to enhancing our engagement with our audiences by continuing to provide relevant and diverse media content, while widening the services we offer and building on our leading media market position.”

SRMG’s new growth strategy is supported by a refreshed brand and new website that reflect the company’s fresh approach while upholding its rich, unique history. Leveraging its legacy, scale and new capabilities, SRMG is uniquely positioned to access growing media markets worldwide.

Operating since 1972, Saudi Research and Media Group (SRMG) is a global media house from the Middle East and North Africa with a portfolio of more than 30 major media outlets – including Asharq Al-Awsat, Asharq News and Arab News – delivering information, news and lifestyle content to a monthly audience of more than 165 million.

Listed on the Tadawul stock exchange in Riyadh, SRMG is focused on delivering original, exclusive and premium content in multiple languages to empower consumers with news and information through digital and social platforms, in addition to its leading cable and satellite reach.

Through its many platforms, content and voices, SRMG is uniquely positioned to capitalize on fast-growing opportunities for digital content distribution, online advertising and commercial partnerships in the media and entertainment market worldwide.

Headquartered in Riyadh, Saudi Arabia, SRMG has offices in 18 locations around the world, including London and Dubai.

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Gulf

Saudi, Swedish FMs Stress Importance of Intensifying Int’l Efforts to End Regional Escalation

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Swedish counterpart Maria Malmer Stenergard meet in Riyadh on Tuesday. (SPA)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Swedish counterpart Maria Malmer Stenergard meet in Riyadh on Tuesday. (SPA)
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Saudi, Swedish FMs Stress Importance of Intensifying Int’l Efforts to End Regional Escalation

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Swedish counterpart Maria Malmer Stenergard meet in Riyadh on Tuesday. (SPA)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Swedish counterpart Maria Malmer Stenergard meet in Riyadh on Tuesday. (SPA)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received in Riyadh on Tuesday his Swedish counterpart Maria Malmer Stenergard for talks on regional developments.

They underlined the importance of intensifying international efforts to de-escalate tensions to preserve regional peace and stability.

They FMs also tackled the bilateral relations between their countries and ways to bolster them in various fields.

Stenergard stressed Sweden’s condemnation of the Iranian attacks in the region, expressing its solidarity with the affected countries and the need for navigation to return to normal in the Strait of Hormuz.

The ministers also reviewed the humanitarian situation in Gaza and the Israeli attacks on Lebanon.

Also on Tuesday, Prince Faisal received a telephone call from his Egyptian counterpart Badr Abdelatty to discuss regional developments.

They underscored the importance of intensifying efforts to de-escalate tensions in a manner that preserves regional peace and security.

Gulf

Swedish FM to Asharq Al-Awsat: We Stand in Full Solidarity with Saudi amid these Difficult Times

Swedish Foreign Minister Maria Malmer Stenergard. (Turky Al-Agili)
Swedish Foreign Minister Maria Malmer Stenergard. (Turky Al-Agili)
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Swedish FM to Asharq Al-Awsat: We Stand in Full Solidarity with Saudi amid these Difficult Times

Swedish Foreign Minister Maria Malmer Stenergard. (Turky Al-Agili)
Swedish Foreign Minister Maria Malmer Stenergard. (Turky Al-Agili)

Swedish Foreign Minister Maria Malmer Stenergard stressed her country’s full solidarity with Saudi Arabia amid the difficult conditions in the region, adding that the Kingdom was a “highly valued partner and interlocutor on regional and global issues”.

In an interview to Asharq Al-Awsat, she said: “I have long planned to visit Saudi Arabia and I am very pleased to finally be here. It is important for me to be able to personally convey my government’s sincere support and solidarity with Saudi Arabia in current difficult times.”

“We commend the Kingdom’s resilience and commitment to support dialogue and peaceful solutions. Sweden and Saudi Arabia share a joint interest in global peace and stability within a rules-based international order. During my discussion with Foreign Minister Prince Faisal bin Farhan bin Abdullah, I have also been able to outline Sweden’s approach to major international conflicts, including our strong support to Ukraine,” she added.

“I also wanted to meet with additional representatives in the very diverse group of Swedish or ‘Swede-tech’ companies present in Saudi Arabia, such as Envac, Getinge, TetraPak and Hitachi Energy. I wanted to express my sincere gratitude for their contribution to the impressive development of Saudi Arabia and for being excellent ambassadors of Sweden’s spirit of innovation and building a better future,” she continued.

On Saudi-Swedish relations and aspects of cooperation, Stenergard said: “Swedish- Saudi relations are excellent and ever-expanding. Saudi Arabia has for a long time been one of Sweden’s largest trading partners in the MENA region. Swedish companies, like Ericsson and ABB, have been present in the Saudi market since the 1950’s and 60’s and continue to bring jobs to Saudis across the Kingdom.”

US-Israel war on Iran

On the US-Israel war on Iran, she said: “Sweden views the situation with great concern. Sweden’s position is clear: we urge all parties to continue talks and pursue a diplomatic solution.”

“There is a strong global urge and interest that these efforts, as soon as possible, lead to sustainable peace. Any final arrangement must address key concerns, such free navigation in the Strait of Hormuz, ensuring that Iran does not acquire nuclear weapons and that Iran does not pose a threat to regional and international security,” she stated.

On whether Sweden would be involved in ensuring freedom of navigation in the Strait of Hormuz, the Red Sea and the Bab el-Mandeb strait, she replied: “Sweden is engaged in efforts to uphold freedom of navigation in the region, such as the French British initiative, together with Saudi Arabia.”

“We continue to assess how Sweden can best contribute. As a member of the European Union, Sweden contributes to the EU led Operation Aspides in the Red Sea, which aims to safeguard maritime security and ensure continued freedom of navigation through key waterways such as the Red Sea and the Bab el-Mandeb strait,” Stenergard went on to say.

NATO summit

Asked about the outcomes of the recent NATO summit in Sweden, she told Asharq Al-Awsat: “Sweden is happy to have hosted a productive meeting of the NATO Ministers of Foreign Affairs in Helsingborg. The meeting was an important milestone on the road to the NATO Summit in Ankara.”

“We are pleased that Sweden could facilitate a meeting that allowed for open and constructive discussions. Hosting our first NATO meeting at ministerial level is an expression of Sweden’s ambition to be an active and constructive NATO ally,” she added.

Lebanon-Israel negotiations

Turning to the future of the Israeli and Lebanese negotiations, she stressed that she was “deeply concerned about the situation on the ground, including the large-scale demolition of villages in southern Lebanon, and the very large number of internally displaced people.”

“The Swedish position is clear: the ceasefire must be respected and talks on a long-term solution need to continue. Israel must withdraw from Lebanese territory and respect Lebanon’s sovereignty and territorial integrity,” she demanded.

“At the same time, a sustainable peace requires the disarmament of Hezbollah, in line with UN Security Council resolutions and decisions by the Lebanese government. There can only be a diplomatic solution to this conflict,” she said.

Gulf

Oman, Kuwait Support Stability, Dialogue to Tackle Regional Challenges

Omani Foreign Minister Badr bin Hamad Al Busaidi and his Kuwaiti counterpart Sheikh Jarrah Jaber Al Ahmad Al Sabah sign the MoU during their meeting on Monday. (ONA)
Omani Foreign Minister Badr bin Hamad Al Busaidi and his Kuwaiti counterpart Sheikh Jarrah Jaber Al Ahmad Al Sabah sign the MoU during their meeting on Monday. (ONA)
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Oman, Kuwait Support Stability, Dialogue to Tackle Regional Challenges

Omani Foreign Minister Badr bin Hamad Al Busaidi and his Kuwaiti counterpart Sheikh Jarrah Jaber Al Ahmad Al Sabah sign the MoU during their meeting on Monday. (ONA)
Omani Foreign Minister Badr bin Hamad Al Busaidi and his Kuwaiti counterpart Sheikh Jarrah Jaber Al Ahmad Al Sabah sign the MoU during their meeting on Monday. (ONA)

Oman and Kuwait stressed on Monday the importance of maintaining coordination and consultations, bolstering security and stability, and supporting dialogue and diplomacy to tackle challenges in the region.

The countries held the 11th session of the Oman-Kuwait Joint Committee in Al Jabal Al Akhdar in Oman. It was chaired by Omani Foreign Minister Badr bin Hamad Al Busaidi and his Kuwaiti counterpart Sheikh Jarrah Jaber Al Ahmad Al Sabah.

The meeting addressed the deep-rooted fraternal relations between their countries. The officials discussed ways to boost bilateral cooperation in a number of fields to serve common interests, in translation of the aspirations of the wise leaderships of Oman’s Sultan Haitham bin Tarik and Kuwait’s Emir Sheikh Mishal Al Ahmad Al Jaber Al Sabah, reported Oman’s state news agency ONA.

Al Busaidi said that the meeting was held in implementation of the supreme directives of the leaderships of the two countries, calling for deepening bilateral cooperation, particularly in the economic, commercial, cultural, and scientific fields, and exchanging expertise to achieve greater integration and partnership between Oman and Kuwait.

He pointed out that the regular convening of the joint committee reflects the attention and care it receives from the leaderships of both countries, and embodies the joint commitment to strengthening its role as an effective institutional framework to propel cooperative relations toward more advanced and comprehensive levels.

For his part, Sheikh Jarrah stressed that the two countries' celebration this year of the 55th anniversary of their diplomatic relations reflects the development and growth of their ties.

The FMs said that Omani-Kuwaiti relations are a model of sincere fraternal bonds among the countries of the Gulf Cooperation Council.

They signed a memorandum of understanding in the field of cybersecurity, and an executive program in the field of standardization.