Saudi Research and Media Group (SRMG) announced on May 12, 2026 that its wholly owned subsidiary Arab Media Company has entered into arrangements to increase its ownership stake in Thmanyah Company for Publishing and Distribution from 51% to 75%. The arrangement involves capitalizing SAR 52,360,372 of previous financing provided to Thmanyah and paying SAR 45,000,000 to existing partners as part of a settlement agreement. Additionally, Arab Media Company commits to providing up to SAR 200 million in additional financing over four years to support Thmanyah's operational activities. The strategic move aims to support Thmanyah's expansion in visual sports and non-sports content sectors, leveraging its exclusive broadcasting rights for Saudi sports competitions secured for six seasons.

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