Saudi Gazette - Investcorp buys 25% stake in Leejam:
"Investcorp, a global provider and manager of alternative investment products, and Leejam Sports Company, Saudi Arabia’s leading health and fitness club management company managing the brand “Fitness Time”, announced Sunday that Investcorp’s Gulf Opportunity Fund has acquired a 25 percent minority stake in the Leejam business. As part of the agreement, the Fund will be represented on Leejam’s Board and will play an active role in its strategic choices and growth opportunities.
Mohammed Al Shroogi, Investcorp's President, Gulf Business, said: “Leejam is the Fund’s third investment in the Kingdom and ninth in the wider region. This investment reaffirms our commitment to supporting regional businesses that are committed to grow and expand. We are happy to partner with Leejam and we believe that our combined efforts will result in even more success for the company.”"
'via Blog this'
No comments:
Post a Comment