BRIEF-SRMG Subsidiary To Increase Ownership In Thmanyah Company To 75%

SRMG

SRMG

4210.SA

0.00

May 12 (Reuters) - SAUDI RESEARCH AND MEDIA GROUP 4210.SE:

  • SRMG - SUBSIDIARY TO INCREASE OWNERSHIP IN THMANYAH COMPANY TO 75%

  • SRMG - PURSUANT TO AGREED SETTLEMENT ARRANGEMENT, ARAB MEDIA CO SHALL PAY A FINANCIAL AMOUNT TO PARTNERS VALUED AT SAR 45 MILLION

  • SRMG - COMMITTED TO PROVIDING ADDITIONAL FINANCING TO THMANYAH OVER FOUR YEARS, WITH A CAP OF 200 MILLION RIYALS

  • SRMG - FINANCIAL IMPACT OF THIS ARRANGEMENT IS EXPECTED TO COMMENCE FROM H2 OF 2026

Source text: ID:nSSE41GJRd

Further company coverage: 4210.SE


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