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FINANCIAL NEWS
Investcorp buys 25 pct stake in Saudi sports company
15 Sep 2013
(MENAFN) Investcorp acquired 25 percent stake inLeejam Sports Co, Saudi Arabia sports and fitness business, which is considered ninth investment in the company’s $1 billion Gulf Opportunity Fund, Arabian Business reported.
The company said that it will take place at Leejam and play an active role in improving its business while still the purchase price not decided.
The deal is considered the latest investment through the gulf fund and buying a 38 percent stake in Saudi oil and gas services company Al Yusr Industrial Contracting Co. for an undisclosed amount.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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