Tam Development Co. announces signing a Memorandum of Understanding with Saudi Qantara Company LLC
| Element List | Explanation |
|---|---|
| Introduction | Tam Development Company announces the signing of a Memorandum of Understanding with Saudi Qantara Sports Partners Company with the aim of establishing a general framework for cooperation to provide specialized consulting services in the field of sports to support the sports sector in the Kingdom.
Qantara Saudi Sports is an extension of a global sports company with over 25 years of experience working in Europe in various sports fields including: sports education, sports governance, sports facilities and entertainment, sports business, sports development, sports technology, and sports tourism. It also has ten years of experience in the Middle East, including delivering and implementing successful national projects and helping private and public sports organizations achieve practical results with tangible societal impact. |
| Memorandum Signing Date | 2024-11-19 Corresponding to 1446-05-17 |
| Counterparty | Saudi Qantara Company LLC |
| Memorandum Subject | This Memorandum of Understanding was signed to enhance the capabilities of both parties in terms of consulting projects for the sports sector in all its categories, whether governmental, semi-governmental or private, by establishing a general framework for cooperation between the two parties. |
| Memorandum Duration | One calendar year (and the term of this memorandum shall be renewed for a similar term or terms unless one party notifies the other party of its unwillingness to renew at least 30 days before the expiration date). |
| Related Parties | N \ A |
| Financial Impact | The financial impact of this memorandum cannot be determined, noting that the company will announce any new developments, if any. |