Following a structural change under which it will change into a Limited Liability Company, Al-Ikhbariya, a local Arabic TV channel in the Kingdom of Saudi Arabia, will now be called Ikhbariya Network Company.
According to a decision issued by Minister of Culture and Information Dr Awwad Al-Awwad, the company will now be jointly owned by Radio & TV Corporation & Saudi Press Agency (SPA).
As part of this change, Al-Ikhbariya is looking to not only upgrade its Arabic language news channel service but also add an English language news channel to its bouquet.
Mr Awwad explained that a key goal for this development is to transmit KSA’s message to the world with a high level of professionalism using the latest technologies, and to compete both professionally and commercially.
Ikhbariya Network Company will be run by a seven-member board, with an executive bureau, three of them representing the Ministry of Culture and Information, two independent members representing the private sector and two members each representing the Radio and TV Corp and SPA.