The fourth FM radio license was awarded to Electronic Resources Ltd., Minister of Culture and Information Dr. Abdulaziz Khoja announced Saturday. One more FM radio license will be awarded within the next two weeks.

Electronic Resources bid SR68 million ($18.13 billion) for the license.

Over 73 percent of people in Saudi Arabia listen to radio programs, with over half of them tuning into radio on a daily basis, mostly while driving, according to a new study by the Arab Advisers Group, Saudi Gazette reported today.