8 sports clubs become firms owned by development bodies
The Ministry of Sports announced the clubs included in the first track of the sports clubs investment and privatization project. Al Ittihad, Al Ahli, Al Nassr, and Al Hilal are transformed into companies, each of which is owned by the Public Investment Fund (PIF) and non-profit foundations for each club. The fund is working with the sports ministry to finalize all paperwork…
bubmagJune 5, 2023