Saudi Arabia's Leejam Sports to offer shares next month | ZAWYA MENA Edition:
Saudi Arabian sports and fitness business Leejam Sports Co will offer 30 percent of its existing shares in a public offering (IPO) next month, according to a prospectus on the Saudi bourse website.
The listing is the latest in what is expected to be a busy pipeline of public share sales in the kingdom, encouraged by a government drive to entice investment and diversify the economy away from a reliance on oil.
Leejam's subscription period takes place from August 1 to August 7.
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