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Share transfer to Saudi clubs under PIF
The Saudi Ministry of Sports has announced the commencement of the transfer process of ownership of non-profit organizations holding 25% of the shares in four sports clubs—Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr—to the Public Investment Fund (PIF). This step is part of the second phase of the plan to transform club ownership models to enhance their investment appeal and strengthen their governance, with the aim of supporting their long-term sustainability and growth. Previously, the PIF owned 75% of the clubs, while the non-profit organizations held the remaining 25%. The transformation process aligns with Saudi Vision 2030 strategies to boost the sports sector.
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