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.



Saudi Shura Council Vice Speaker Takes Part in G20 Parliamentary Speakers' Summit in Brazil

Dr. Al-Salami also discussed the Kingdom's approach to addressing poverty and hunger at the national and international levels - SPA
Dr. Al-Salami also discussed the Kingdom's approach to addressing poverty and hunger at the national and international levels - SPA
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Saudi Shura Council Vice Speaker Takes Part in G20 Parliamentary Speakers' Summit in Brazil

Dr. Al-Salami also discussed the Kingdom's approach to addressing poverty and hunger at the national and international levels - SPA
Dr. Al-Salami also discussed the Kingdom's approach to addressing poverty and hunger at the national and international levels - SPA

A Saudi Shura Council delegation, led by Vice Speaker of the Shura Council Dr. Mishaal bin Fahm Al-Salami, has participated in the 10th G20 Parliamentary Speakers' Summit (P20) inaugurated in Brasilia by the National Congress of Brazil in collaboration with the Inter-Parliamentary Union under the theme "Parliaments for a Just World and a Sustainable Planet."
During the opening session attended by the speakers of the G20 parliaments and other invited countries, the vice speaker of the Shura Council expressed his sincere gratitude to the Brazilian parliament for its hospitality and warm reception.

He also expressed his high appreciation for Brazil's launch of the Global Alliance Against Hunger and Poverty during the previous G20 summit, SPA reported.
He emphasized that the Kingdom became a member of the global alliance to combat hunger and poverty in May 2024 and will be hosting the UN Conference on Land and Drought in Riyadh in December.
Dr. Al-Salami also discussed the Kingdom's approach to addressing poverty and hunger at the national and international levels. He noted that the government has issued a series of resolutions on poverty and hunger, while the Shura Council has enacted legislation to combat poverty, hunger, and inequality. The legislation creates social safety through government support programs, social insurance programs, labor market support, the establishment of a Social Development Bank, and the contribution of charities.
He asserted that the Kingdom has been committed to sponsoring and promoting charitable and humanitarian work. He cited the approximately $133 billion in development assistance provided from 1975 to 2024, which was distributed to 171 countries worldwide and implemented over 7,090 humanitarian, relief, and development projects. He added that the King Salman Humanitarian Aid and Relief Centre (KSrelief) is currently engaged in over 1,700 projects to address hunger and poverty worldwide.
In terms of the Kingdom's endeavors to address inequality, he said that Saudi Arabia has ratified the Equal Remuneration Convention (No. 100) and the Discrimination (Employment and Occupation) Convention (No. 111). He confirmed that the percentage of women's participation in the labor market increased to 37% in 2023, surpassing the percentage anticipated in Vision 2030, noting that the Kingdom's laws prohibit all forms of discrimination in jobs and wages between men and women at work.
The vice speaker of the Shura Council also stated that Saudi Arabia has provided essential relief to the Palestinian people in Gaza in the amount of $187 million, as well as a total of $1.6 billion in development and general humanitarian assistance.
Dr. Al-Salami affirmed that the Kingdom has also made significant political efforts. He said that the Kingdom called for an Arab Islamic Extraordinary Summit in Riyadh on November 11, 2023, and launched the Global Alliance for the Implementation of the Two-State Solution in partnership with the Arab and Islamic countries, the European Union, and Norway. He added that the Kingdom hosted the alliance's first meeting in Riyadh on October 30, 2024, and announced the holding of the Joint Arab Islamic Extraordinary Summit in Riyadh on November 11. He indicated that all these efforts are aimed at an immediate ceasefire, ending the Israeli occupation, providing relief to the Palestinian people, and establishing an independent Palestinian state with East Jerusalem as its capital in accordance with UN Security Council resolutions.
The P20 summit addressed a variety of critical issues on its agenda, including the contribution of parliaments in fighting hunger, poverty, and inequality, as well as the role of parliaments in addressing the environmental crisis, sustainability, and building global governance adapted to the challenges of the 21st century.