Sports Ministry transfers club shares to PIF
The Ministry of Sports has initiated the process of transferring 25% of the shares of Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nasr clubs to the Public Investment Fund, aiming to enhance funding and develop the sports sector in the Kingdom. Additionally, the management boards of the non-profit organizations affiliated with these clubs have been dissolved, as part of an effort to improve governance and administrative efficiency. These measures are part of reform and development initiatives focused on elevating performance levels and ensuring the financial sustainability of Saudi clubs.
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