Arab News reports that Rotana Audio Visual company, owned by Prince Alwaleed bin Talal, has won a license to operate the third FM radio station in Saudi Arabia at a cost of SR67.35 million. The announcement followed a statement by the Saudi government that it was issuing licenses to private companies in September.
The first two licenses were granted to Alf Alf alliance for SR75 million and Ghaya Innovation Holding Co. for SR66 million respectively.

Saudi Gazette reports that the Saudi Ministry of Culture and Information has announced 11 qualified submissions for the five new FM radio licenses in the Kingdom. The winner of the first new FM radio license will be announced on January 30th. The remaining four licenses will be announced every two weeks until March 22nd.