RIYADH, Saudi Arabia – In a monumental leap forward for Saudi Arabian sports, the Ministry of Sport proudly announced today the successful privatization of three prominent local football clubs: Al Ansar, Al Kholood, and Al Zulfi. This landmark initiative, executed through a public offering, marks a significant stride in the Kingdom’s ambitious Vision 2030 economic diversification plan.
The ownership of these clubs has officially transitioned to dedicated investment entities, underscoring Saudi Arabia’s commitment to fostering a dynamic and robust sports industry. While financial specifics were not immediately disclosed, the strategic allocation of these clubs is clear:
* Al Zulfi Club now falls under the stewardship of Nojoom AlSalam company.
* Al Kholood Club has been acquired by the distinguished Harburg Group.
* Al Ansar will now thrive under the ownership of Awdah AlBiladi And His Sons company.
Furthermore, the Ministry confirmed significant progress on other fronts, having concluded the bidding phase for Al Nahda Club and actively reviewing compelling offers, with an extension granted to accommodate further proposals.
This strategic privatization drive is a cornerstone of Vision 2030, aiming to cultivate new industries and generate invaluable employment opportunities within the Kingdom. It signifies a powerful commitment to sports as a vital engine for economic growth and national development.