Saudi Arabia hires Jadwa to advise on selling football clubs

08/02/2017 Argaam

Saudi Arabia has appointed Jadwa Investment, one of the kingdom’s largest privately owned investment banks, to advise on the privatization of five football clubs in the Saudi Professional League, Reuters has reported, citing unnamed sources.

 

Last month, requests were sent to banks to apply for the role.

 

In November, the government approved plans to turn state-owned sports clubs into private companies to participate in the Saudi Professional League, Argaam previously reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.