Al-Hilal and Al-Ahli clarify board status after sports ministry decisions
Al-Hilal and Al-Ahli have addressed the impact of the Ministry of Sports’ move to transfer non-profit club shares to the Public Investment Fund.
Al-Hilal and Al-Ahli have responded to the Ministry of Sports' decision to transfer non-profit club shares to the Public Investment Fund. The clubs have outlined the implications of this change on their respective boards. Al-Hilal Club Company confirmed that the measures are part of the second phase of their club ownership transfer project.
As a result, the Al-Hilal Non-Profit Foundation's board has been dissolved and 25% of the shares transferred to the PIF. The club's board of directors, led by Nawaf bin Saad, has its term extended for 90 days, starting from July 17, 2026. The board will continue to oversee the company's strategic and supervisory functions. Al-Ahli also stated on their official X account that the Ministry of Sports' measures only affect the non-profit foundation and its board, not the club company's board of directors.
The Al-Ahli board will continue with its duties according to approved governance frameworks for another 90 days. Both clubs affirmed their commitment to their approved objectives and plans, emphasizing the need to maintain organizational stability and support the club's progress. The Ministry of Sports' decision to transfer non-profit foundations' shares, representing 25% of the shares in the companies of four clubs, is part of their broader sports club investment and privatization project.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.