Riyadh - Mubasher: Saudi Research and Marketing Group announced on Monday that its subsidiary, TAOQ Public Relations, has signed a contract to expand globally and operate in Europe, Middle East, and Africa.

The 5-year contract signed by Taoq has a value of SAR 85 million per year, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

According to the statement, Taoq has also signed another deal to expand its activities and services in Asia and the Americas, with a total value of SAR 75 million per year for five years.

Saudi Research and Marketing said that this reflects the confidence in the group and its subsidiaries on both the local and the global level, adding that the financial impact of those agreements will be reflected in the financial statements of the fourth quarter of the year.