ISLAMABAD - In a major setback for Shaheen Air International (SAI), the Saudi prince has reportedly pulled out of the investment deal from Shaheen Airlines.
Saudi Prince had earlier expressed willingness to invest in the airline has pulled out from the deal to bail it out.
According to a report in *Express Tribune, *SAI’s Chief Marketing Officer Zohaib 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.
The Saudi investor withdrew from the deal after becoming aware of the legal troubles surrounding SAI , told an employee who declined to be named.
The employee went on to share when it comes to knowledge, that offices of a business you are investing have been sealed by the authorities means they aren’t happy and wouldn’t want to mess with them.