• HSBC

Saudi issues first private FM radio licence

  • Saudi Arabia: Sunday, January 31 - 2010 at 11:46

With a SR75m bid, Saudi alliance Alf Alf has been declared the winner of the first of five private FM radio licences in the kingdom, Arab News has reported. According to the licence, the alliance has to cover 30 areas, 15 of which are mandatory. Saudi Specialized Publishing Co, Rotana Audio Visual Co, and Arab Radio and Television Network (ART) are among ten more short-listed firms competing for the four remaining licences. Culture and information minister, Abdul Aziz Khoja said the licences will be issued in the coming eight weeks.

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