Saudi Arabian sports marketing firm Sela has unilaterally terminated its broadcasting rights agreement with advertising agency Presentation, which granted Pyramids TV the right to air Egyptian league matches, Presentation said in a press release carried by Yallakora. The decision comes a week after Sela had terminated its four-year sponsorship agreement with Al-Ahly Football Club after Al-Ahly fans reportedly insulted Saudi Sports Authority head Turki Al Sheikh.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…