24 Hrs
Source:
الاقتصادية
Saudi clubs' non-profit shares to Investment Fund
The Saudi Ministry of Sports announced the completion of transferring the remaining 25% stake of non-profit organizations' shares in the clubs of Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nasr to the Public Investment Fund. This brings the Fund to full ownership of these clubs, up from its previous 75%. This step is part of the second phase of the plan to transfer club ownership, aimed at enhancing governance, ensuring the sustainability of the clubs, attracting investments, and developing the sports sector in Saudi Arabia through the unification of ownership and improvements in operational and ownership models.
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