Saudi Sports Ministry transfers 25% stakes in top clubs to PIF
The Sports Ministry has begun transferring 25% ownership of Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr to the Public Investment Fund.
The Saudi Sports Ministry has initiated the transfer of 25% stakes in four top football clubs to the Public Investment Fund (PIF). On Wednesday, the ministry announced the beginning of this process, following completion of all necessary regulatory steps. The transfer includes the relinquishing of ownership stakes from the non-profit foundations of Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr clubs to the PIF.
The ministry also announced the dissolution of the boards of directors overseeing these foundations. This represents the second phase in a broader effort to transfer club ownership, with the goal of increasing investment appeal, improving corporate governance, and ensuring the long-term sustainability and growth of the clubs. This initiative aligns with the objectives of the Sports Clubs Investment and Privatization Project.
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