7.46 AM Wednesday, 24 April 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:27 05:45 12:20 15:47 18:49 20:07
24 April 2024

Rotana bags FM licence in Saudi for SR67m

Alwaleed bin Talal bin Abdulaziz Alsaud (SUPPLIED)

By Agencies

Rotana Group, chaired by Prince Alwaleed bin Talal bin Abdulaziz Alsaud, announced that it has won the third FM radio licence in the Kingdom of Saudi Arabia for SR67 million (Dh65.62m).

This will be the launch of the fourth FM radio station for Rotana, its first being in Jordan in 2005, second in Syria in 2006 and the third in Lebanon in 2007.

Based on statistics, these stations are the leading radio stations in their host countries.

Prince Alwaleed commented: "Rotana is the number one and strongest media company in the Middle East." Before it acheived its licence in Saudi Arabia, Rotana's experience in the field of radio had enabled it to produce entertainment and arts programmes in cooperation with significant radio stations in the Arab world that include Egypt and Saudi Arabia.

Rotana owns the largest Arabic music library in additon to having technological expertise enabling it to establish high tech studios for sound recording, computer programming, production and sound mixing.

Also, studios for live digital broadcasting.

Firas Khashman, General Manager of Emerging Business at Rotana said: "The Rotana Radio station in Saudi Arabia will not only be unique in its content but also in quality and advanced technology, that our listeners will detect and notice."


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.