Saudi Research and Media Group Overview
Pro stress-test →Saudi Research and Media Group operates as a publishing company engaged in trading, media, advertising, distribution, printing and publishing, and public relations and communication business, with operations spanning Saudi Arabia, Europe, North America, Asia, North Africa, the Middle East, and Africa. The company's digital portfolio includes Asharq Al-Awsat, Al Majalla, Arab News, Hia Magazine, Asharq News, Billboard Arabia, Argaam, and other publications.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →SRMG operates in Saudi Arabia where there are no independent media. The company faces competition from regional digital publishers and international media platforms, but maintains oligopolistic position as state-backed print and broadcast leader. Competitors include MBC Group and local advertising/media agencies.
Industry Context
Saudi Research and Media Group operates in Media and Publishing.
Key facts
Founded: 1972 · Headquarters: Riyadh, Saudi Arabia · Employees: 2000 · Revenue: $869M · Market cap: $2.52B