Saudi investment fund PIF buys into men’s tennis in ‘strategic’ deal with ATP

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DUBAI: Former champion Andy Murray dug deep to edge out Canada’s Denis Shapovalov 4-6, 7-6, 6-3 in front of a jubilant center court crowd at the Dubai Duty Free Tennis Championships on Monday night. The come-from-behind victory saw Murray — who claimed a solitary Dubai title in 2017 — register a landmark 500th career win … Read more

Saudi businesswoman buys signed Ronaldo Al-Nassr jersey for $125,000

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JEDDAH: A Saudi woman bought a signed Cristiano Ronaldo Al-Nassr football jersey for $125,000 during an auction on Wednesday. The sale took place during a dinner party on the sidelines of an event in the run-up to the Diriyah ePrix, which will take place on Jan. 26 and 27. In a 65-second video of the … Read more

Saudi Arabia’s Jadwa Investment buys Black Spoon Group to strengthen consumer portfolio 

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RIYADH: Saudi Arabia’s Jadwa Investment has fully acquired the UAE-based food and beverage provider Black Spoon Group, as it aims to expand across the Gulf Cooperation Council countries.  It is the company’s second acquisition in the consumer sector this year after Gissah Perfumes Co., and the 16th private equity investment since its inception.  BSG has … Read more