Saudi Research and Media Group — Cyborg Score 5/10
Mixed
Media and Publishing
Strategic Profile
SRMG is a Saudi state-backed media company with close ties to the Mohammed bin Salman government of Saudi Arabia. In April 2022, SRMG announced its new headquarters in Riyadh's King Abdullah Financial District, which marks the beginning of SRMG's global expansion and houses the offices of the Asharq network.
Cyborg Score Rationale
2024 revenue declined 12.89% to SAR 3.26 billion with earnings dropping 63.96% to SAR 201.69 million. While the company maintains strong brand positioning with flagship publications, recent financial deterioration and government dependencies create uncertainty regarding sustainable growth.
Top Insights
Revenue declined 12.89% YoY in 2024 to SAR 3.26 billion, with earnings down 63.96%
Listed on Tadawul in April 2006, SRMG is Saudi Arabia's primary state-aligned media entity
Digital portfolio spans premium publications including Asharq Al-Awsat, Arab News, and Billboard Arabia, targeting regional and international audiences
Close government ties with King Salman's sons having chaired the company, positioning it as key state communication infrastructure
Named Competitors
Media & Broadcasting — Pan-Arab entertainment and broadcasting network
Digital Publishing — Online news aggregators and Arab media platforms
International Media — International publishers competing for Gulf audience share
Recent Developments
(April 2022) New headquarters opened at King Abdullah Financial District marking global expansion
(May 2021) Corporate name change from Saudi Research and Marketing Group to Saudi Research and Media Group
(2024) Revenue declined to SAR 3.26 billion with significant earnings compression
Open the full interactive Saudi Research and Media Group report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.