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Ittihad Takeover Delayed
The process of acquiring Al-Ittihad Club is moving forward, with its financial and administrative records still under review and negotiations underway with local and foreign investors. Their identities have not been disclosed, and no final date has been set for completing the deal. Foreign investors are required to have a local partner, while a local investor may apply alone to acquire up to 70% of the club’s shares. Estimates suggest the transfer of ownership could be delayed until the end of 2027.
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