Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has named Abdulrahman Ibrahim Alrowaita as the board’s Chairman for the next three years.

SRMG also appointed Majid Abdulrhman Alissa as the Vice President, according to a bourse disclosure.

The two officials assumed their roles for a new term that began on 21 May 2024 and will remain in position until 20 May 2027.

In the first quarter (Q1) of 2024, the company’s net profit witnessed an annual drop of 28.18% to SAR 86.87 million, compared to SAR 120.97 million.

Revenues fell by 7.88% to SAR 814.86 million in Q1-24 from SAR 884.64 million a year earlier, while the earnings per share (EPS) declined to SAR 1.09 from SAR 1.51.