PIF establishes SRJ Sports Investments Company

06/08/2023 Argaam

PIF establishes SRJ Sports Investments Company

Logo of SRJ Sports Investments

The Public Investment Fund (PIF) announced today, Aug. 6, the establishment of SRJ Sports Investments, a sports investment company that aims to accelerate the growth of the sports sector in Saudi Arabia and MENA.

 

SRJ Sports Investments will invest in acquiring and creating new sports events IP, commercial rights of popular and prominent sports competitions and hosting major global events in Saudi Arabia, the fund said in a statement.

 

These investments are expected to deliver financial returns and localize partnerships domestically and in the MENA region.

 

The new company will target businesses specialized in offering unique fan engagement activities and transformative sports technology across the industry, bolstering Saudi Arabia’s position as one of the world’s leading sports and entertainment destinations.

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