Topgolf Callaway Partners with Golf Saudi, Plans Three New Venues and National Team Sponsorship
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands Corp. (NYSE:MODG) has partnered with Golf Saudi to expand its presence in Saudi Arabia. The agreement includes building three Topgolf venues by 2028, with potential for two more, and making Callaway brands the official equipment for Saudi national golf teams.
September 19, 2024 | 7:05 am
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Topgolf Callaway Brands Corp. has entered a multiyear agreement with Golf Saudi to expand its brand presence in Saudi Arabia, including building new venues and sponsoring national golf teams.
The partnership with Golf Saudi represents a significant expansion opportunity for Topgolf Callaway in a new market. The construction of new venues and the sponsorship of national teams could enhance brand visibility and sales, positively impacting MODG's stock price.
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