SRMG’s Taoq inks media services contract at SAR 180 mln annually

Logo of Saudi Research and Media Group (SRMG)

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations, signed, on May 31, a contract for SAR 180 million annually with a commercial company active in publicity, advertising, and public relations, to provide international media and marketing services.

The three-year contract is expected to impact financial statements starting from Q2 2023, according to a statement to Tadawul.

No related parties are included in the deal, the statement added.

The deal underpinned the group’s trust and presence locally and globally.