The board of directors of the Saudi Research & Marketing Group (SRMG) has decided to increase the company's capital from SR600 million to SR700 million, an SRMG statement said yesterday. The board made the decision following a meeting presided over by Prince Faisal bin Salman, chairman of the board. The directors expressed their satisfaction at the company's record performance. Prince Faisal emphasized SRMG's strong financial position and said: "We are looking forward to achieving better results in the coming years." He said the group had made qualitative leaps in its various activities during the past nine months. "The SRMG, which has tremendous potential, achieved a great deal in the areas of publishing, advertising, distribution and printing as well as in organizing economic and media conferences and seminars," the chairman was quoted as saying by Arab News. The board meeting reviewed the company's performance and its activities in publishing, distribution, advertising and printing, the statement said. The board commended the record growth and performance achieved by the company as well as its professional efficiency in the publishing industry.
