Leejam Sports Company’s $218 Million Initial Public Offering

White & Case LLP has advised Leejam Sports Company on its SAR 817 million (approximately US$218 million) initial public offering of 30 percent of its share capital on the Saudi Stock Exchange (Tadawul).

Leejam Sports Company is the operator of the largest network of fitness centres in Saudi Arabia and the MENA region under the Fitness Time brand. As of December 31, 2017 it owned and operated more than 112 fitness centers under the Fitness Time brand, of which 108 were located across 23 cities in Saudi Arabia, with four in the United Arab Emirates.

The White & Case team in Riyadh which advised on the transaction was led by partner Robert Vydra (Picture) with support from associates Yasser Alkhelaiwi, Majed Alkuraydis, Amal Alotaibi and Saif Aleifan.

 

Involved fees earner: Robert Vydra – White & Case; Yasser Alkhelaiwi – White & Case; Majed Alkuraydis – White & Case; Amal Alotaibi – White & Case; Saif Aleifan – White & Case;

Law Firms: White & Case;

Clients: Leejam Sports Company;