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Jaag Broadcasting System

Jaag Broadcasting Systems Pvt Ltd owns and operates Samaa TV, a satellite news channel offering live current affairs transmission from Karachi, Lahore, Islamabad, Quetta, and Peshawar in Pakistan. The channel is among the top five news channels in terms of audience share. The company was established in 2017 with an authorized capital of PKR5 million / USD 82,644. The company is based in Karachi, Pakistan.

Key facts

Business Form

Private

Legal Form

Private Limited Company

Business Sectors

Radio and Television Broadcasting

Ownership

Individual Owner

Bilal Siddiqui

Mr Bilal Siddiqui appears to be related to Mr Zafar ul Hameed Siddiqi, the founder of Jaag Broadcast System Pvt Ltd, as they share the same home address in the accounts documents Jaag has submitted with SECP. The latest submitted Jaag documents with SECP are for the year 2017 and indicate that Zafar Siddiqi transferred all his 2,316,280 shares to Bilal Siddiqi.

100%

Mr Saleem Adil

Little information is available in public domain about Saleem Adil. The Jaag documents submitted to SECP show him to be a director and one of the three shareholders when the company was formed in 2007. Even then Saleem Adil held only one of the total 1,002 shares declared upon incorporation of the company.

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Media Outlets
Other Media Outlets

Other Radio Outlets

Samaa FM 107.4 Karachi

Other Online Outlets

www.samaa.tv

Facts

Media Business

Radio Broadcasting

Project Implementation Managers Pvt Ltd

Business

Media

Africa Business News (Pvt) Ltd

General Information

Founding Year

2007

Affiliated Interests Founder

Mr. Zafarul Hameed Siddiqi

the chairman of Samaa TV, 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-founder of CNBC Africa and founder of CNBC Arabia – serving all as chairman. He is also founder of CNBC Pakistan, serving as its chairman. 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).Mr Siddiqi is also currently among the directors of M/s Project Implementation Managers Pvt Ltd that runs at least four FM radio stations (Samaa FM) in Karachi, Bahawalput, Lahore and Islamabad.

Employees

1117

Contact

Floor 16, Techno City Corporate Tower, Altaf Hussain Road,

Off I IChundrigar Road, Karachi, Pakistan

Tel.: +92-21-111-262275

Website: www.samaa.tv

Tax/ ID Number

Missing Data

Financial Information

Revenue (Financial Data/ Optional)

USD126.84 Million / PKR1.319 Billion

Operating Profit (in Mill. $)

USD -107.53 Million / PKR -1.118 Billion

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Mr. Saleem Adil

Executive Director Jaag Broadcasting Systems Private Ltd, Director M/s Project Implementation Managers Pvt Ltd

Further Information

Data Publicly Available

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

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Meta Data

The company was sent information request on15.01.2019 through a courier company as well as by email. The company responded through Mr Naveid Siddiqi after the reminder was sent on 04.02.2019 and promised to send the relevant details and information soon. However, the outlet sharing the partial requested information was received on 08.02.2019 through an email. The company does not have online presence. Financial information has been obtained from a report for 2017-18 submitted by the company to the SECP. The amounts have been converted into USD at a rate of PKR104 per USD 1, for June 2016, since the latest audited financial data available with SECP is for the fiscal year 2016.

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