Tuesday, December 1
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Saudi Broadcasting Corporation Co-Sign MoU to Acquire Stakes of Advertising Agent

Riyadh, Saudi Broadcasting Corporation (SBC) co-signed a Memorandum of Understanding (MoU), through an affiliate production company, for acquisition of a stake, in Saudi Al-Wasael Company, an affiliate of a house of expertise; which is the advertising agent of the SBC.

The MoU was signed by SBC President Daoud Al-Shirayian and Executive Chairman of Saudi Al-Wasael Company Mohammed Abdulelah Al-Khuraiji.

SBC seeks to increase advertising incomes to become an important fiscal tributary, in line with the Kingdom Vision 2030.

Source: Saudi Press Agency