On July 19, 2026, Saudi Research and Media Group (SRMG) announced that its subsidiary, SRMG Media Solutions Company, signed a Framework Agreement with Thmanyah Company for Publishing and Distribution — a related party and subsidiary of Arab Media Company, which is wholly owned by SRMG — on July 16, 2026, for the provision of media and advertising representation services. Under the agreement, SRMG Media Solutions Company will market and sell advertising opportunities, acquire advertisers, and manage related commercial relationships in exchange for commissions at agreed-upon rates, with no fixed contract value specified; however, the contract value is expected to exceed 1% of revenues reported in the latest annual audited financial statements. The one-year renewable agreement was concluded on an arm's length basis within the ordinary course of business, and is not expected to have a material financial impact on the Group's consolidated financial statements at this time. The partnership aims to strengthen the parties' presence in the advertising market, expand their customer base, and support sustainable revenue growth.

Original announcement:

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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.