SRMG inks channel management contract with Ministry of Culture

Logo of Saudi Research and Marketing Group (SRMG)

Saudi Research and Media Group (SRMG) signed today, Sept. 24, a contract with the Ministry of Culture to operate and deliver satellite and digital broadcasting services, and to manage, produce, and market media content for Al-Thaqafiya Channel.

In a statement to Tadawul, the group explained that the annual contract value exceeds 5% of its total revenue, based on the 2025 financial statement.

It added that the contract will be valid for a period of three years commencing from the contract’s effective date.

The group also expects the related financial impact to begin reflecting on its financial results starting from H2 2026. It noted that there are no related parties involved in the deal.

As per Argaam’s data, SRMG announced, on April 26, it was awarded the contract by the Ministry of Culture.

The company’s revenue amounted to SAR 2.67 million in 2025, of which 5% is equal to nearly SAR 133.65 million.