SRMG Profits Jump to $140 Million Until Q3

The Saudi Research and Media Group increases its gains during the first nine months of this year (Asharq Al-Awsat)

The Saudi Research and Media Group (SRMG), one of the largest Arab media organizations, revealed that its gains during the first three quarters of 2022 increased by 22.4%, recording profits of SAR 527.8 million ($140 million) because of revenue growth.

SRMG, whose shares are listed on the Saudi stock market, recorded an increase in profits by 20.3%, achieving quarterly gains of SAR 246 million ($65.7 million). Achieved profits represent a growth jump of 46% when compared to the previous quarter.