Rotana board discusses strategy, budget

Prince Alwaleed bin Talal, chairman of Rotana Holding, chaired Rotana’s board of directors meeting recently. Walid Arab Hashem, vice chairman, Fahad Alsukait, CEO, Rotana Group, and Nada Alsugair, board member and executive director, finance and administration, Prince Alwaleed’s Private Office, attended the meeting. The board members and representatives from News Corporation were Gary Davy, Charlotte Burr, head of strategy and development, Asia Pac, News Corp., in addition to John Ireland, CFO Rotana Group, Turki Alshabanah, president of Rotana TV Channels, Nezar Nagro, president of Rotana Media Services and James Ward, chief legal officer andgeneral counsel. The board members discussed Rotana’s progress during the meeting and commended Rotana Group for its achievements. The board also reviewed and discussed 2013 strategic plans, the operations and financial budget, and referred to the latest developments of Rotana. Prince Alwaleed commented: “Rotana’s growth and development is ongoing.” Rotana, which is majority owned by Prince Alwaleed, operates one of the largest TV networks and ad sales operations in the region and owns the largest Arabic film library. It has also built the leading record label in the Middle East, managing many of the most popular artists in the region and controlling the biggest Arabic music catalogue. Newscorp owns a 19 percent stake in Rotana. Source: ArabNews