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Al Rai Media Group Company K.S.C.P (Kuwait)

Main Activities: Blank Magnetic and Optical Recording Media Manufacturing | Newspaper Publishers
Full name: Al Rai Media Group Company K.S.C.P Profile Updated: November 20, 2024
Buy our report for this company USD 19.99 Most recent financial data: 2020 Available in: English Download a sample report

The Company is engaged in printing, publishing and distribution of daily newspapers and broadcast media production and media audio and video and investing financial surpluses in financial porfolios managed by a financial manager.
The Company is a Kuwaiti shareholding company and is considered to be the first company of its kind covering the written and the Audio visual segments.
The Company publishes a daily political comprehensive Arabic newspaper Alrai which is currently rated the number one daily in terms of coverage, circulation, readership and influence according to the latest studies issued by accredited research firms in Kuwaitand the GCC region.
The Company manages Alrai TV, which is the first licensed private TV station in the State of Kuwait. Alrai TV broadcasts its free-to-air programs via Arabsat/Badr4 Nile Sat covering the Gulf region, North Africa, South Europe and South Asia.
A second major step was owning a TV production company, specialized in Drama series program production. The importance of this step is that The Company is today a major player in the Gulf drama production, a Co-producer in Arabic drama in Egypt and Syria in addition to producing a variety of programs talk shows.
A third strategic step consisted in the inception of Alrai Center for Strategic Studies (ACSS) which aims to analyze social, political, economical scientific subjects on the local, Arab and international scenes, and develop insights through workshops; the results of which would be shared with researchers in different fields.
The above mentioned elements need to be properly promoted and marketed. Since advertising is considered as a main source of income to the existence of any media group, The Company decided to launch its independent media arm, Alrai International for Marketing Advertising (RIMA).
The main mission of RIMA is, first, to promote, market and sell the advertising space of a versatile and dynamic media bouquet that is constituted of al Rai newspaper, al Rai TV, al Rai web sites, Jazeera Airways various media and Citybus. RIMA also endeavors to acquire the media representation rights for other media in Kuwait and / or in the Gulf region.
The company is a Kuwaiti company was incorporated on December 1, 2002.
The company was changed into a shareholding company on June 28, 2003, also it was registed under the registration no.94852 in September 28, 2003.
Alrai newspaper owns one of the most important websites that has received the Sheikh Salem Al Ali award for the best Kuwaiti news website for the year 2008.
In 2008 2009 The Company introduced new productive elements to its media world by acquiring the Publisher Printing Press (PPP), hence owning its own printing distribution facilities. The PPP prints distributes Alrai newspaper and distributes also 20 other publications.
The Company was listed in Kuwait Stock Exchange on 26 October, 2010
The Company delisted from Kuwait Stock Exchange on 2 May 2021.
The Company listed again on Kuwait Stock Market-OTC market on 9 May 2021

Headquarters
Qibla, Plot 9, Block 19, Building 1, First Floor., P.O.Box 2292 Safat
Kuwait City; Al-Asimah / Capital Governorate; Postal Code: 13023

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Website: http://www.alraimediagroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2002
Key Executives
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Vice President
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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84.88%
Subsidiaries
Al Rai Production W.L.L
100%
Alrai International Co For Marketing And Advertising W.L.L
100%
Alrai United Publications Co W.L.L
100%
Company Performance
Financial values in the chart are available after Al Rai Media Group Company K.S.C.P report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net sales revenue
-36.49%
Total operating revenue
-36.49%
Operating profit (EBIT)
N/A
EBITDA
1116.13%
Net Profit (Loss) for the Period
N/A
Total assets
-1.49%
Total equity
0.73%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
-1.81%
Quick Ratio
0.02%
Cash Ratio
0.12%

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