Riyadh, Ramadan 12, 1439, May 28, 2018, SPA -- Saudi Broadcasting Corporation (SBC) co-signed a Memorandum of Understanding (MoU), through an affiliate production company, for acquisition of a stake, in Saudi Al-Wasael Company, an affiliate of a house of expertise; which is the advertising agent of the SBC. The MoU was signed by SBC President Daoud Al-Shirayian and Executive Chairman of Saudi Al-Wasael Company Mohammed Abdulelah Al-Khuraiji. SBC seeks to increase advertising incomes to become an important fiscal tributary, in line with the Kingdom Vision 2030. --SPA 17:39 LOCAL TIME 14:39 GMT 0021 www.spa.gov.sa/w695227