Published — Sunday 10 February 2013
Last update 13 February 2013 6:38 pm
JEDDAH: Prince Turki bin Salman has been appointed chairman of the Saudi Research and Marketing Group (SRMG), succeeding Prince Faisal bin Salman who was recently installed as governor of Madinah province.
SRMG's Board of Directors on Saturday announced that the changes were approved in a board meeting last Thursday in Riyadh.
During the meeting, the board members acknowledged Prince Faisal's efforts in leading to SRMG achieve several significant accomplishments during his stewardship for more than 10 years.
SRMG is the holding company of Arab News, among many other subsidiary companies.
Prince Turki's term as chairman for the current session extends to April 30, 2015, the board said. The appointment will be put up for approval with the next regular General Assembly meeting.
Prince Turki was born in Riyadh in 1987. He holds a bachelor degree in marketing from King Saud University and he is currently the chairman of Tharawat Holding Company.
Dr. Abdul Rahman Al-Shubaily has been appointed SRPC board of trustees' member and secretary-general. Established in 2008, SRPC board of trustees is first of its kind in the Arab media in terms of its structure, mission and powers.