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Saudi Research and Media Group (SRMG) announces the signing of a Media Rights License Contract by THMANYAH Publishing and Distribution Company, a subsidiary of SRMG, with the Saudi Pro League for Exclusive Broadcasting Agreement for Saudi Football Competitions
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by the Saudi Research and Media Group on the Saudi Exchange (Tadawul) website dated 19/12/1446H (corresponding to 15/06/2025G) regarding the award of exclusive broadcasting rights in relation to the King’s Cup, the Saudi Pro League, the Saudi Super Cup and the First Division League to THMANYAH Publishing and Distribution company (THMANYAH), a subsidiary of the Group .SRMG announces the signing of the final media rights agreement for a term of six years. |
| Date of Announcement of the Award | 2025-06-15 Corresponding to 1446-12-19 |
| Contract Subject Matter | Granting THMANYAH Publishing and Distribution Company, a subsidiary of SRMG, the exclusive broadcasting rights for the Custodian of the of the King’s Cup, the Saudi Pro League, the Saudi Super Cup, the First Division League and commercial exploitation in the Middle East and North Africa region. |
| The Entity with Which the Contract was Signed | Saudi Professional League and other parties as described below. |
| Date of Signing the Contract | 2026-02-26 Corresponding to 1447-09-09 |
| Contract Value | (2,320,000,000) SAR Two billion, three hundred and twenty million for the full value of the contract for a period of six years. |
| Contract Details | 1. The Parties: • THE SAUDI PROFESSIONAL LEAGUE • SAUDI ARABIAN FOOTBALL FEDERATION • THE FIRST DIVISION LEAGUE • THMANYAH PUBLISHING AND DISTRIBUTION LLC • SAUDI RESEARCH AND MEDIA GROUP (SRMG) 2. Contract Duration: from the 2025/2026 season through the 2030/2031 season. 3. Territory: The Kingdom of Saudi Arabia and the Middle East and North Africa (MENA) (consisting of Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Somalia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen) 4. SRMG is considered a guarantor under the contract for the implementing the agreement 5. Effective Date: 19 August 2025. |
| Contract Duration | Six years. |
| Financial Impact and the Relevant Period | Pursuant to the award decision and the effective date, the expected financial impact has begun to be reflected in the second half of 2025. |
| Related Parties | There are no related parties involved. |
| Additional Information | None. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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