The share of the Saudi Group for Research and Information (Research and Information) included and traded in the main Saudi market, “Tadawul”, to achieve its highest price level for 4 months (4 months and 4 days), where the highest price per share during the session was at 202.1 riyals per share, the stock did not achieve 81 sessions as it did not reach it since the beginning of last March 3, while the lowest price per share was at 191.4 riyals per share.
The company’s shares rose by 3.7% during the session today, to close at the price of 199.1 riyals per share, and the daily gains of the share reached 7.1 riyals.
Trading on research and media shares at the end of today’s session came through 3.21 thousand trading operations, at 199.09 thousand shares with a trading value of 39.41 million riyals.
The stock rise came in the wake of the company’s announcement of its signing a contract worth 240 million riyals with one of its subsidiaries, which is a public relations company and a commercial company whose activity, advertising and public relations.
The contract aims for a full year to provide services for visual platform content, expected to show the financial impact of the contract on the financial statements in the second quarter of the current fiscal year 2025.
It is noteworthy that the Saudi Research and Media Group was established in 1972 by the two brothers Hisham and Muhammad Ali Hafez, to be one of the first specialized media entities in the Arab world, and it started its activity through the issuance of newspapers and magazines, such as “Middle East”, “My Lady” and the magazine, and soon it expanded to include publishing, distribution, advertising, printing, and multi -platform media production, and its headquarters is located in Riyadh, Today is one of the most prominent media institutions in the Middle East and North Africa, as it provides content in 7 languages and its audiences reach more than 170 million people.
The group’s shares were included in the Saudi financial market (Tadawul) in May of 2006, to become the first Saudi media company to be included in the stock exchange, and since then, SRMG has witnessed major strategic transformations, which included the launch of digital platforms such as “East Economy with Bloomberg”, acquisition of media and creative companies, and the establishment of new entities such as “SRMG Media” and SRMG Think, which reflects its orientation towards the transformation into a global multi -platform media group.
