SRMG and Naif Alrajhi Investment partner for MENA's media and advertising ecosystem
SRMG and Naif Alrajhi Investment announced a strategic partnership designed to advance innovation and growth across the media and advertising industries.
This partnership focuses on two strategic pillars: Expanding Phi's Out-of-Home (OOH) advertising footprint and partnering with Veyron Marketing to drive innovation in media and marketing.
SRMG CEO Jomana R. Alrashid stated, 'This partnership is a convergence of vision, impact and capability. By uniting Phi's comprehensive presence and Veyron's operational expertise, combined with SRMG Media Solutions' services and reach of over 170 million users, we are creating a dynamic ecosystem that empowers brands to engage audiences with unmatched relevance and impact.'
The agreement brings together SRMG's newly launched SRMG Media Solutions (SMS), a data-driven advertising entity representing a portfolio of brands including Asharq Al-Awsat, Asharq News and Asharq Business with Bloomberg, Arab News, Hia Magazine and Thmanya, with Naif Alrajhi Investment's diversified assets.
Naif Saleh Alrajhi, Chairman & CEO of Naif Alrajhi Investment, commented, 'This partnership reflects our shared commitment to delivering innovative advertising solutions, creating exceptional opportunities for both regional and global advertisers. By partnering with SRMG and SRMG Media Solutions with our own assets, we are positioning brands to engage with audiences in new and meaningful ways.'
Through the partnership, Phi, offering a dynamic range of solutions from traditional billboards to cutting-edge digital displays, will amplify its reach, supported by SMS's cross-platform content distribution across digital, social, TV, and print channels.
Moreover, Veyron Marketing, will gain access to SRMG Media Solutions' (SMS) dynamic portfolio of advertising offerings, including innovative digital formats, branded content, and experiential advertising.
The partnership is underpinned by a shared vision to foster innovation, expand digital capabilities, and unlock new commercial opportunities for both parties. Together, SMS and Veyron will bring a deep understanding of the Saudi market, further strengthened by SRMG's extensive global reach enabling them to drive long-term value for advertisers.
Alrajhi continues, 'The strength of Naif Alrajhi Investment lies in our diversified portfolio and strong presence across key sectors, which allows us to offer unique, high impact opportunities that go beyond traditional media. This Partnership not only leverages the incredible growth in Saudi Arabia but also aims to shape the future of the media and marketing landscape globally.'
The SRMG and Naif Alrajhi Investment partnership underscores SRMG's expansion through SMS, which leverages a global audience of over 170 million users across platforms such as Asharq News, podcasts, and experiential activations. This, coupled with Naif Alrajhi Investment's diversified portfolio, positions the parternships to drive economic growth and redefine regional advertising standards.
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