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Samaa FM

FM104 is now known as Samaa FM107.4 as the company owned FM104 has been taken over by the management of Samaa TV channel. The station says it RJs speak less so listeners have more music to enjoy. The station broadcasts from six cities – Karachi, Lahore, Islamabad, Bahawalpur, Sialkot and Peshawar. The management states it has revolutionized the way broadcast is done and claims the station is the “most listened” in the country.

Key facts

Audience Share

1.50%

Ownership Type

Private

Geographic Coverage

Local

Content Type

Free to air

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Radio Buraq Private Limited

Ownership

Ownership Structure

Samaa FM is operated by Radio Buraq Private Limited. Sara Siddiqi owns 99.99% of shares in the company. Syed Rizwan Saud holds minority shares of 0.01%.

Voting Rights

On a show of hands every member present shall have one vote and on a poll, every member present in person or by proxy shall have one vote in respect of each share held by him.

Individual Owner

Group / Individual Owner

Syed Rizwan Saud

Syed Rizwan Saud holds 0.01% share in the company which owns the station. He is the Group Chief Financial Officer at Jaag and Samaa TV.

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Media Companies / Groups
Facts

General Information

Founding Year

2012

Affiliated Interests Founder

Zafarul Hameed Siddiqi

is the founder of Samaa FM 107.4 station, which was previously known as FM 104. He took over Radio Buraq (Private) Limited,“which owned FM 104 in the start. He put his daughter Sara Siddiqi in chargeof FM 107.4 station as she is among the two directors of the company. Siddiqi has a chartered accountancy and business background and has in over the past two decades become a major media player across several countries. He founded Samaa TV in 2007 and continues to serve it as its founding chairman. He is a former Pakistan partner of KPMG, a global network of firms providing audit, tax and advisory services. He ventured into media business in 1995 by establishing a broadcast service Telebiz in Karachi in 1995. Before founding Samaa TV, he co-founded Africa Business News (Pvt) Ltd in 2008, co-founded CNBC Africa and founded CNBC Arabia – serving in all as chairman. He is also founder and chairman of CNBC Pakistan. He has been providing strategic oversight to these networks that serve over 70 countries with staff of over 1,000 people. Siddiqi is also the co-founder of Murdoch University in Dubai. He has also served on the board of the International Emmy's as well as the advisory council of the president of Nigeria. He is an Adjunct Professor of Murdoch University. He has a degree in chartered accountancy from the Institute of Chartered Accountants (England & Wales).

Affiliated Interests Ceo

Fahd Haroon

is the chief executive officer. He is also member of Board of Directors of Pakistan Broadcasters Association, a representative body of TV and radio stations’ owners. Haroon is also group Executive Director of Communications at Samaa TV channel which is also owned by the founder of FM 107.4.

Affiliated Interests Editor-In-Chief

Ayaz Abro

is general manager of programming. There is not much profile information available about him.

Contact

13th Floor, Techcity Corporate Towers, I. I. Chundrigar Road, Karachi.

Telephone: +92(0)21-111872622

Website: www.samaafm.com/default.aspx

Financial Information

Revenue (in Mill. $)

USD 0.26 Million / PKR 26.575 illion (2013-14)

Operating Profit (in Mill. $)

USD 0.51 Million / PKR 52.91 Million (2013-14)

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

Further Information

Meta Data

An information request was sent to the station on 8 February 2019 through a courier company as well as by email. The station did not respond to the request. A reminder was couriered on 15 February 2019 and emailed on 18 February 2019. Naveed Siddiqi told in response to reminder that “The details pertaining to Jaag Broadcasting systems have already been sent to MOM”. However, MOM Pakistan team obtained certified copies of documents of the company which owns FM 104 from Securities and Exchange Commission of Pakistan through a paid request.These documents show that the current owner with over 98 percent shares is the daughter of the owner of Samaa TV.

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