Saudi Research and Media Group

The Saudi Research and Media Group (SRMG), formerly the Saudi Research and Marketing Group, is a listed media company based in Riyadh. It publishes more than 30 titles, including Asharq Al-Awsat, Arab News, Al Majalla, Urdu News and Al Eqtisadiah. Sons of King Salman chaired it from 1989 to 2014 (Ahmed, Faisal and Turki bin Salman); Faisal bin Salman reportedly held about 7% of its shares. Wikipedia describes the company as having close ties to the government of Mohammed bin Salman.Sources:1Wikipedia: Saudi Research and Media Group, Wikipedia (source, opens in a new tab)2Wikipedia: Faisal bin Salman Al Saud, Wikipedia (source, opens in a new tab)

Its largest shareholders are two funds, Al Ahli Capital Fund 13 and Al Ahli Capital Fund 4. State Media Monitor reports that these are managed by SNB Capital, the asset-management arm of the Saudi National Bank, whose ultimate controlling party is the Public Investment Fund, and rates SRMG "Captured Public/State-Managed". Abdulrahman Ibrahim Alrowaita has been its non-executive chairman since May 2021, and Jomana Alrashid its chief executive since October 2020.Sources:1Wikipedia: Saudi Research and Media Group, Wikipedia (source, opens in a new tab)3State Media Monitor: Saudi Research and Media Group (SRMG), State Media Monitor (source, opens in a new tab)4SRMG: SRMG announces board and chairman appointments, SRMG, 23 May 2021 (source, opens in a new tab)