Leejam Sports reportedly planning IPO, worth up to SAR1 billion
Saudi Arabia’s Leejam Sports Co., which operates 120 gyms across Saudi Arabia under the Fitness Time brand, is said to be pursuing an initial public offering (IPO), according to three people familiar with the matter. Leejam is expected to sell a 30% stake to the public raising as much as cSAR1 billion (USD267 million). The IPO will be prepared by Bahrain-based private equity company Investorcorp Bank BSC, which acquired a 25% stake in Leejam in 2013. No official statement was made by either party. (Bloomberg)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.