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FinancialNews


  • 15-09-13

    Investcorp buys 25 pct stake in Saudi sports company

    (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.

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