Real Madrid has announced a cooperation agreement with the Saudi Investment Bank (SAIB) as part of the club's new efforts in foreign investment. The Saudi Investment Bank confirmed on Thursday the signing of an official sponsorship deal with Real Madrid, without disclosing details regarding the duration, value, or mechanisms of the partnership. According to Real Madrid's official statement, the Saudi Investment Bank will become the club's official financial institution in the Kingdom of Saudi Arabia.
The royal club added that this alliance will enable the Saudi Investment Bank to connect with Real Madrid fans in Saudi Arabia and provide better services and products, as well as unique experiences tailored to the specific needs and preferences of its customers. Emilio Butragueño, Director of Institutional Relations at Real Madrid, expressed his happiness with this partnership, stating: "We are very excited about this alliance, which will allow us to grow as a club and also strengthen our relationships with all our fans in Saudi Arabia, a country that is growing in the field of football. The partnership comes at a perfect time for us, and we welcome it with great enthusiasm, hoping that the partnership lasts for many years."
For his part, Faisal Al-Imran, CEO of the Saudi Investment Bank, said: "We are extremely happy about this cooperation agreement with Real Madrid, one of the best teams in the world, if not the best. We look forward to providing unique experiences for Real Madrid fans in Saudi Arabia and want this agreement to continue."
