In a significant step towards global expansion, Al Arabia Outdoor Advertising has signed a Memorandum of Understanding (with the media vertical of Multiply Group PJSC (ADX: MULTIPLY), the Abu Dhabi-based investment holding company.
Mohammad Al-khereiji, the CEO of Arabia Outdoor Advertising told us “Signing this agreement with Multiply Group reflects our continued commitment to scaling our operations globally, aligning with our significant growth across the Middle East as the leading OOH advertising network in the region. Our expansion strategy is centered on identifying and capitalizing on new growth opportunities in international markets. We believe this collaboration will strengthen our position as one of the fastest-growing companies in the OOH industry, allowing us to introduce groundbreaking solutions that harness the power of artificial intelligence and emerging technologies.”
This sets the stage for the creation of a joint entity dedicated to investing in the global out-of-home advertising sector, strengthening global presence and supporting expansion plans into international markets.
The collaboration will also focus on exploring joint acquisition opportunities and investments in OOH advertising with an emphasis on expansion beyond the MENA regions.
The MoU includes a key provision for exploring joint investments in advertising technology and artificial intelligence within the OOH sector as it aligns with the industry’s ongoing transformation and emphasizes the development of advanced advertising platforms, including Supply-Side Platforms (SSP), these technologies will enhance the efficiency of reaching targeted advertising segments, improve overall sector sustainability, and integrate with the future of digital advertising.
Samia Bouazza, Group CEO and Managing Director of Multiply Group, said “This partnership with Al Arabia is part of Multiply Group’s global growth strategy. With two media powerhouses joining forces, we are establishing the foundation for advancing out-of-home advertising and AdTech.”
This move reflects the ambitious global expansion vision shared by both Multiply Group and Al Arabia Outdoor Advertising, through the creation of a joint venture focused on capturing growth opportunities in out-of-home advertising and adtech beyond the MENA region. The collaboration represents a key step in attracting investor interest in high-return opportunities and engaging technology partners seeking to scale.
This MoU marks a new chapter in international collaboration as both companies work together to pioneer cutting-edge advertising technology solutions. This strategic alliance positions them at the forefront of the industry, ensuring they remain competitive amid rapid advancements in the sector. The partnership will also drive business expansion, deliver innovative advertising solutions to global markets, and open new investment avenues while fostering industry sustainability.
Al Arabia Outdoor Advertising was established in Riyadh, Saudi Arabia, on March 3, 1983, as a limited liability company specializing in outdoor advertising. It was later listed on the Saudi Stock Exchange (Tadawul) on November 15, 2021, becoming a publicly traded entity with a capital of SAR 500 million. Over the past four decades, the company has led the OOH industry in Saudi Arabia, securing the largest market share across multiple cities. With investments in Cairo, Alamein, and Dubai, Al Arabia Outdoor Advertising continues its expansion, modernizing its offerings and operating the largest digital advertising network in the Middle East.
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