Saudi Sports Ministry transfers 25% stakes in top clubs to PIF

The Ministry of Sports announced on Wednesday the start of transferring 25% ownership stakes in Al-Ittihad, Al-Ahli, Al-Hilal, and Al-Nassr clubs from their non-profit foundations to the Public Investment Fund, following the completion of required regulatory procedures.

The ministry added that this step also includes the dissolution of the boards of directors of the non-profit foundations affiliated with the four clubs.

This marks the second phase in the process of transferring club ownership, aimed at completing the shift to a model that enhances investment appeal, strengthens corporate governance, and supports the long-term sustainability and growth of the clubs.

The move is in line with the objectives of the Sports Clubs Investment and Privatization Project.