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4Global PLC - London-based data, services and software company specialising in major sporting events - wins two contracts with unnamed Saudi Arabian clients, totalling GBP800,000. Says first client has hired 4Global to "assess the value and operational viability of a number of sporting facilities in the area," with the venture aimed at securing public investment for the facilities, as well as expanding sports participation in Saudi Arabia. The second contract is with a new partner, in which 4Global will "deliver a comprehensive solution offering valuable insights into the feasibility of investing in sports facilities and the potential return on investment." Adds it is trading in line with market expectations.
Chief Executive Officer Eloy Mazon says: "We are delighted to have been awarded the two additional contracts in KSA. This is a significant achievement and a testament to our commitment to excellence and our strong presence in this region. Securing these contracts underscores the robustness of our international expansion strategy and the value our existing and potential customers see in gaining access to our data (DataHub) and insight solutions that are critical to them to make the right decisions at the right time."
Current stock price: 61.00 pence, up 0.8%
12-monht change: up 6.1%
By Sabrina Penty, Alliance News reporter
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