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SPORTS-
Saudi-backed PFL partners up with streaming platform Starzplay: The Professional Fighters League (PFL) will see all its content streamed on Starzplay starting 3 April, under a multi-year partnership signed with the streaming platform, it said in a statement. Financial details of the agreement were not disclosed.
EDUCATION-
Al-Khaleej Training to lease educational complex in Riyadh: Al-Khaleej Training and Education signed a 25-year lease worth SAR 253.7 mn to rent its 19.7k sqm educational complex in Riyadh to Singapore’s Global School Holding Saudi for Education, a subsidiary of Global SchoolsGroup, it said in a disclosure to Tadawul. The complex was built by Al-Khaleej on land leased from Tatweer Buildings Company. The company tapped ICREA Management Consultants as its advisor
INFRASTRUCTURE-
Keir International secured a SAR 119.5 mn contract from National Grid SA to replace 132 kV oil-filled underground cable circuits connecting the substations in the Central Operation Area of Riyadh’s Al Murabba district, according to a filing to Tadawul. The project will be implemented over 23 months.
M&A WATCH-
Gulf Union pulls the plug on its merger with Gulf General: Gulf Union Al Ahlia Cooperative Ins. decided to terminate its merger with Gulf General citing that the latter was impacted by a material adverse event that rendered the offer unfeasible, according to a statement.
RETAIL-
UAE-based hypermarket chain Lulu sets up new location in Makkah: Lulu Group inaugurated a new hypermarket in Al Rusayfah district on the Abdullah Areef street, spanning some 18.6k sqm, with an in-house dining area, according to a press release. Lulu plans to launch 45 new stores across the GCC within the next three years, according to its Executive Director Ashraf Ali Musliyam.
REMEMBER- Lulu opened its 61st store in the Kingdom back in July of last year and committed to plans that will see it operate a total of 100 stores nationwide.
LOGISTICS-
Mawani adds new shipping service to Jeddah Islamic Port: The Saudi Port Authority (Mawani) added Culines’ JPS shipping service to Jeddah Islamic Port, connecting it to Port Sudan with a capacity of 450 standard containers, it said in a statement.
