ISLAMABAD – In a major setback for Shaheen Air International (SAI), theSaudi prince has reportedly pulled out of the investment deal from ShaheenAirlines.
Saudi Prince had earlier expressed willingness to invest in the airline haspulled out from the deal to bail it out.
According to a report in *Express Tribune, *SAI’s Chief Marketing OfficerZohaib Hassan told that the airline hasn’t announced any precise closure,however, its offices had been shut for the last two weeks.
He added, they were waiting for resumption of work.
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The Saudi investor withdrew from the deal after becoming aware of the legaltroubles surrounding SAI, told an employee who declined to be named.
The employee went on to share when it comes to knowledge, that offices of abusiness you are investing have been sealed by the authorities means theyaren’t happy and wouldn’t want to mess with them.
