The Public Investment Fund owns 75% of the 4 largest Saudi clubs
Converting Al-Hilal, Al-Nasr, Al-Ittihad and Al-Ahly clubs into companies before transferring their ownership to the fund
Shrouq
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz launched the investment and privatization project for sports clubs, after completing the executive procedures for the first phase.
The project comes to achieve the goals of Saudi Vision 2030 in the sports sector, which aims to build an effective sports sector, by stimulating and enabling the private sector to contribute to the development of the sports sector, in order to achieve the desired distinction for national teams, sports clubs and practitioners at all levels.
Two main tracks
The project at the current stage includes two main tracks; The first is the approval of major companies and development agencies investing in sports clubs. In return for transferring ownership of clubs to it, and the second offering a number of sports clubs for privatization, starting from the last quarter of 2023.
Three strategic objectives
The project is based on three strategic objectives, represented in finding quality opportunities and an attractive environment for investment in the sports sector to achieve a sustainable sports economy, Raising the level of professionalism and administrative and financial governance in sports clubs,
In addition to raising the level of clubs and developing their infrastructure to provide the best services to sports fans, which will reflect positively on improving the audience’s experience.
Developing the football game
The transfer and privatization of clubs in general, aims to achieve qualitative leaps in various sports in the Kingdom by 2030, to create a distinguished generation in sports at the regional and global levels.
In addition to developing the football game and its competitions in particular, to bring the Saudi League to the list of the best (10) leagues in the world.
Increasing the revenues of the Saudi Professional League from 450 million riyals to more than 1.8 billion riyals annually, in addition to raising the market value of the Saudi Professional League from 3 billion to more than 8 billion riyals.
The Saudi Investment Fund acquires the "Big Four" in the domestic league
In related context, The Saudi Public Investment Fund will acquire a 75% stake in each of Al-Hilal, Al-Nasr, Al-Ittihad and Al-Ahly clubs, which are considered the four historically big football leagues in the Kingdom, after converting them into companies. The remaining 25% is to be owned by non-profit sports organizations that include members of each club.
This was announced the Minister of Sports, Prince Abdulaziz bin Turki Al-Faisal, during his presentation of the investment and privatization project for sports clubs, which was launched on, 5-6-2023, the Saudi Crown Prince Mohammed bin Salman.
Public Investment Fund
The Minister of Sports also disclosed the conversion of four clubs into companies, and the transfer of their ownership to development agencies, so that the ownership of Al-Qadisiyah Club will be transferred to Saudi Aramco, the Diriyah Club to the Diriyah Gate Development Authority, the Al-Ula Club to the Royal Commission for Al-Ula Governorate, and the ownership of the Falcons Club to the NEOM Company.
