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Al-Shinqiti and Al-Husseini are beyond the poles
Al-Ittihad and Al-Ahli clubs in Jeddah plan to form new boards of directors during a transitional period that will last 90 days, in preparation for transferring their ownership to companies interested in acquiring them. It is expected that the representation of the Public Investment Fund will change in these boards, with the possible inclusion of new members while some current members remain, aiming to complete the sale processes after the boards are dissolved. This decision was made based on the Ministry of Sports' resolution in August, which included the dissolution of the councils of Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr clubs, and the transfer of ownership of non-profit institutional shares that account for 25% of these clubs’ stocks.
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