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.
Audience Share
1.50%
Ownership Type
Private
Geographic Coverage
Local
Content Type
Free to air
Media Companies / Groups
Radio Buraq Private Limited
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.
General Information
Founding Year
2012
Affiliated Interests Founder
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
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
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.
