Saudi Research Media Group Approves SAR 85M Loans

SRMG

SRMG

4210.SA

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Saudi Research and Media Group announced on May 21, 2026 the results of its Ordinary General Assembly Meeting held on May 20, 2026 at 8:00 PM via modern technology from the company's Riyadh headquarters, with 85.04% shareholder attendance. The assembly approved financial statements and board reports for fiscal year ending December 31, 2025, appointed Ernst & Young as external auditor for 2026-2027 with fees of SAR 3,515,200 excluding VAT, and authorized SAR 3,300,000 in board member compensation plus SAR 735,000 for sub-committees. Multiple related-party transactions were approved, including printing contracts worth SAR 23,219,069 with Hala Printing Company, loans totaling SAR 85,000,000 to Saudi Printing and Packaging Company, financing of SAR 34,000,000 to Thmanyah Co., and various media services agreements with MBC subsidiaries and other affiliated entities.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95584&anCat=1&cs=4210&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.