Privatization of Saudi football clubs begins, offering distinct opportunities for entities wishing to invest in the sports sector
The list of Saudi football clubs that will be offered for privatization (or privatization) includes Al-Zulfi, Al-Nahda, Al-Akhdoud, Al-Ansar, Al-Orouba and Al-Khulud.
And announced Ministry of Sports In a statement, it was stated that the privatization process will be carried out in cooperation with the National Center for Privatization, before local and international investors, in completion of the implementation of the investment and privatization project for sports clubs launched by Crown Prince Mohammed bin Salman.
The process of privatizing clubs is subject to stages that conclude with the completion of their commercial closure and transfer of ownership. It begins with receiving desires and requesting qualification from investors through the “Investors Portal” on the National Center for Privatization website, and ends on September 19, 2024.
And it attracts attention Saudi Press Agency This phase will be followed by the completion of the review of the applications, then the launch of the phase of submitting financial and technical offers by the parties that have been approved, reviewed and evaluated, after which the official negotiation process will begin, and the best offers will be selected, followed by the announcement of the investment entities that have acquired ownership of the six clubs.
This announcement provides distinguished opportunities for entities wishing to invest in the sports sector, in line with the qualitative shift it is experiencing with generous and unlimited support from the wise leadership, and in accordance with the comprehensive goals of Saudi Vision 2030, which enhances aspects of partnership and cooperation between the public and private sectors, towards advancing the Kingdom’s sports, and contributing to building a strong and sustainable economy for the nation.
