Mr. Mohamed bin Abdulelah Alkhereiji, CEO of AlArabia Contracting Services Company (AlArabia), on behalf of the Board of Directors and all employees, extended his gratitude and appreciation to the Capital Market Authority (CMA) and the Saudi Tadawul Group for approving the company’s request to offer 30% of its shares—equivalent to 15 million shares—for public subscription after meeting the regulatory requirements stipulated by CMA’s system and executive regulations.
Alkhereiji stated that this public offering will contribute to deepening investment in the advertising, content creation, and publishing sectors by enabling national companies to advance in digital transformation, increasing localization in the industry, enhancing investment attractiveness, and converting traditional advertising media into interactive digital smart platforms. This shift is a significant step in supporting the smart city model, which the company has been actively working to achieve.
The CEO of AlArabia Contracting Services Company highlighted the rapid growth of advertising, content creation, and publishing investments at both local and global levels, emphasizing their profitability and strategic role in supporting government initiatives. He noted that Saudi Arabia places great importance on this industry due to its significant impact on the future of promising investments within a well-regulated and enabling environment.
AlKhereiji also emphasized that the company is eager to share its vision and successes with investors and society transparently, aiming to create a transformative shift in local and global investments in advertising and media. This includes showcasing national capabilities, developing innovative products, and enhancing opportunities to attract both local and international investments in alignment with the goals of Saudi Vision 2030.
He concluded by expressing his appreciation to the Capital Market Authority, the Saudi Tadawul Group, and the Ministry of Commerce for their continuous efforts in supporting national companies in listing their shares, thereby boosting investments and encouraging growth across all key economic sectors, with advertising and media being a vital part of this landscape.