Ownership transfer of clubs to PIF underway
The Ministry of Sports announced the commencement of transferring ownership of the non-profit institutions that hold a 25% stake in Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr clubs to the Public Investment Fund, following the completion of legal procedures and the dissolution of their boards of directors. This step marks the third phase in the process of transforming club ownership to enhance their investment appeal, as part of the objectives of the sports clubs investment and privatization project, aimed at supporting their long-term sustainability and growth.
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