Saudi- Alwaleed heads Rotana board meeting, approves expansion

(MENAFN- Arab News) Prince Alwaleed bin Talal, chairman of Rotana Holding, chaired Rotana's board of directors meeting. Walid Arab Hashem, vice chairman; Fahad Alsukait, CEO Rotana Group; and Nada Alsugair, board member and executive director, finance and administration, Prince's Private Office, attended the meeting. The board members and representatives from 21 Century Fox were Gary Davy and Charlotte Burr, head of strategy and development, Asia Pac, 21 Century Fox. 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 and general counsel. During the meeting, the board members discussed Rotana's achievements and commended Rotana Group for these achievements. Moreover, the board reviewed and discussed 2013 strategic plans, the operating and financial budget, and referred to the latest developments of Rotana and approved expansion and restructuring plans. 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. Moreover, 21 Century Fox owns 19 percent stake in Rotana.