SPORTS-

SRMG subsidiary secures exclusive broadcast rights for the SPL: Thmanyah Publishingand Distribution, an SRMG subsidiary, acquired the exclusive broadcast rights for all major Saudi Professional League (SPL) tournaments in the Middle East and North Africa, according to a disclosure to Tadawul published yesterday.

The agreement covers six seasons — from 2025-2026 to 2030-2031 and includes the Roshen Saudi League, the Custodian of the Two Holy Mosques Cup, the Saudi Super Cup, and the Yellow Professional League.

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Market reax: SRMG’s shares jumped 9.9% to close at SAR 155.60 apiece on the news, marking the stock’s biggest increase since July of last year.

LOGISTICS-

The Saudi Ports Authority (Mawani) added MSC’s Chinook Clanga shipping service to King Abdulaziz Port in Dammam and Jubail Commercial Port, it said in a statement yesterday. The new 14k TEUs service will connect the two ports to 16 major regional and global ports, including Khalifa Bin Salman in Bahrain, Hamad in Qatar, Nhava Sheva in India, Colombo in Sri Lanka, Port of Singapore, Vung Tau and Haiphong in Vietnam, Nansha, Yantian, Ningbo, Shanghai, and Qingdao in China, Busan in South Korea, Seattle in the US, and Vancouver and Prince Rupert in Canada.

PHARMA-

ProMedEx + Zhende + MedSurg to set up a new factory: Professional Medical ExpertiseCompany (ProMedEx) signed a three-year non-binding MoU with China’s Zhende Medical and MedSurg to establish a joint factory and manufacture medical supplies in the Kingdom for the local, GCC, and wider Middle Eastern markets, it said in a disclosure to Tadawul.

The details: Zhende will hold a 51% stake, while ProMedEx will hold 35%, and MedSurg will get the remaining 14%, with the total capital to be determined at a later stage. The venture may grant ProMedEx local priority distribution rights, pending a separate agreement.

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