Riyadh: Sports and fitness center operator Leejam Sports Co. on Monday announced the establishment of Padel X Sports Co. in ¶¶Òõ¶ÌÊÓƵ, with a capital of SR50,000 ($13,300).
The new firm has been set up in partnership with Swedish sports accessories wholesaler World Wide Padel to invest in the racket sport in the Kingdom by building and operating padel courts, a Tadawul statement said.
Leejam Sports will own 51 percent of the new company’s shares, with World Wide Padel owning the remainder.
New Saudi company to boost investment in Kingdom’s padel sport
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Updated 24 July 2023
New Saudi company to boost investment in Kingdom’s padel sport
