Taoq International Public Relations Co, the wholly owned subsidiary of the Saudi Research and Marketing Group, has signed contracts to provide media services at a combined value of SAR 176.3 million.
The first deal’s value amounted to SAR 93.7 million, while the second agreement worth SAR 82.6 million, with a five-year period of each, according to the company’s statement.
The contract’s financial impacts are expected to appear as of the fourth quarter of 2018.
The Saudi Research and Marketing Group last reported a 1,176.1% surge in its net profits to SAR 85.5 million in Q2-18, compared to SAR 6.7 million during Q2-17.
The Saudi Research and Marketing Group’s stock inched down 0.10% to close Thursday’s trading session at SAR 99.30.