Media Group acquires 80pc of Qatar firm
Doha, February 9, 2011
Media Group, a subsidiary of GSSG, one of Qatar’s premier private holding companies, has announced the acquisition of 80 per cent of Salam Media Cast, a leading provider of media solutions.
Salam Media Cast specialises in the provision of telecommunications, broadcasting, integrated systems and technologically advanced security solutions in the region and beyond.
With the addition of Salam Media Cast to the established Media Group, a subsidiary of Ghanim Bin Saad Al Saad & Sons Group Holdings (GSSG), Media Group will be able to facilitate high quality media services and production throughout the region.
“Together we will be able to participate in the rapid development of Qatar and its neighbours through providing high quality media content, that would enrich their media outlets,” said Mohammed Al-Hammadi, deputy chairman of GSSG.
“Together, Media Group and Salam Media Cast, plan to work with the key constituents in the media industry to better understand the needs of all media outlets in the region and help them to maximise yield and achieve their media objectives,” added Mohammed Badr Al-Sada, vice president of Media Group.-TradeArabia News Service