| Element List | Explanation |
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| Announcement Detail | Saudi Research and Media Group (SRMG) announces that Arab Media Company (a wholly owned subsidiary), which currently owns (51%) of Thmanyah Company for Publishing and Distribution, has entered into an arrangement with the remaining partners in Thmanyah Company for Publishing and Distribution (Related Party), namely: Abdulrahman Ali Abumalih, Aseel Salah Baabdullah and Meem Company for Research and Studies, on 11/05/2026G corresponding to 24/11/1447H. The structure of the arrangement includes the following: • Approving the capital increase of Thmanyah Company for Publishing and Distribution through the settlement and capitalization of previous payments and financing provided by Arab Media Company to Thmanyah Company for Publishing and Distribution, totaling SAR (52,360,372) to date. • Pursuant to the agreed settlement arrangement, Arab Media Company shall pay a financial amount to the partners valued at SAR (45,000,000). • Following the above arrangements, and after obtaining the necessary regulatory approvals, Arab Media Company's ownership stake in Thmanyah Company for Publishing and Distribution will increase from (51%) to (75%) of its capital. Furthermore, Arab Media Company is committed to providing additional financing to Thmanyah Company for Publishing and Distribution over four years, with a cap of (200) million Saudi Riyals, under ordinary, non-preferential terms to support its operational activities as per its needs and future circumstances, provided that the loan matures within four years from its date. It is worth noting that Ms. Jumana Al-Rashed, CEO and Board Member of Saudi Research and Media Group, serves as the Chairman of the Board of Managers of Thmanyah Company for Publishing and Distribution, with no interest in the transaction. The financial impact of this arrangement is expected to commence from the second half of the fiscal year 2026. This arrangement comes within the framework of the SRMG’s strategy aimed at growth, expansion, and enhancing the performance of its subsidiaries, benefiting from its strong financial position and available liquidity levels, without resulting in a material negative impact on working capital. It also comes in support of Thmanyah's strategy to expand in the visual sports and non-sports content sector, in light of it securing exclusive broadcasting rights for Saudi sports competitions for six seasons, enabling it to enhance its presence and enter strongly into the advertising and digital content sectors, and to benefit from the promising opportunities and the large market size in these two sectors. |