The Arab Media Group is a prominent player in the Middle Eastern media landscape. Founded in 1992, the group has a rich history of innovation and expansion.
With a presence in over 20 countries, the Arab Media Group has established itself as a major force in the region's media industry. Its diverse portfolio of businesses includes television networks, radio stations, and digital media platforms.
At the heart of the group's success is its commitment to quality and excellence in every aspect of its operations. This is reflected in the group's emphasis on cutting-edge technology and innovative storytelling.
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Ownership and Structure
Arab Media Group (AMG) falls under the umbrella of Dubai Holding, a diversified investment arm majority-owned by Sheikh Mohammed bin Rashid Al Maktoum.
Dubai Holding acquired AMG's television assets from DMI in late 2009, divesting them after the 2007-08 financial downturn.
Ownership and Governance
Arab Media Group (AMG) falls under the umbrella of Dubai Holding, a diversified investment arm majority-owned by Sheikh Mohammed bin Rashid Al Maktoum.
The company has undergone changes in its ownership and governance structure, with AMG divesting its television assets to Dubai Media Incorporated (DMI) in late 2009.
Mohamed Sharaf has served as the CEO of AMG since December 2018, bringing with him a background in economics and finance from Tufts University and The George Washington University.
Dubai Holding maintains a commitment to Emiratization, with five out of seven of its group companies now led by UAE Nationals.
Mohamed Sharaf's appointment as CEO of AMG is a testament to this commitment, with him overseeing the company's portfolio of prominent businesses, including Global Village and Arabian Radio Network.
Dubai Holding's Chairman, His Excellency Abdullah Al Habbai, has praised the role of Emirati employees in driving the company's successes, citing their commitment and dedication as key drivers of growth and diversification.
Mohamed Sharaf has over a decade of experience, having begun his career at one of Dubai Holding's companies before moving on to Meraas, where he led the investment team.
The company's ownership and governance structure remain unchanged, with radio, events, and entertainment remaining under AMG's control to this day.
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Merger
The merger of AMG's television assets with Dubai Media Incorporated was a significant event. Due to the 2008 financial crisis, this merger took place in late 2009 after considerable layoffs of the workforce. The merger was a result of the financial struggles faced by AMG, which led to the sale of its television assets. This move was likely aimed at reducing costs and staying afloat in a challenging market.
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