Latest news with #AbdulazizbinTurkiAl-Faisal
Gulf Insider
5 days ago
- Business
- Gulf Insider
Saudi Arabia Privatizes Three Football Clubs
The Ministry of Sports announced Thursday the privatization of the three football clubs— Al-Ansar, Al-Kholood, and Al-Zulfi — under the Kingdom's broader sports investment and privatization initiative. Ownership of the clubs has officially been transferred to private investors following the completion of regulatory procedures and company formation by the National Center for Privatization. Al-Zulfi FC will now be owned by Najm Al-Salam Company, Al-Kholood by Harburg Group, and Al-Ansar by Awda Al-Baladi & Sons Company. This follows the August 2024 announcement of six clubs slated for privatization: Al-Ansar, Al-Okhdood, Al-Kholood, Al-Zulfi, Al-Orouba, and Al-Nahda. The three remaining clubs — Al-Nahda, Al-Okhdood, and Al-Orouba — are still under evaluation. Al-Nahda has completed its bid submission period, while the other two did not meet the qualification requirements. Minister of Sports Prince Abdulaziz bin Turki Al-Faisal hailed the milestone, saying: 'With the leadership's support, we are witnessing a historic moment in Saudi sports. This step reflects the visionary leadership of Crown Prince Mohammed bin Salman.' He also congratulated the clubs and welcomed the private sector as a key partner in driving forward the Kingdom's sports development. The ministry emphasized that future privatizations will proceed based on club readiness, investor interest, and competitive tendering. It has opened the door for further expressions of interest via its official website, aiming to continue building a competitive, professional sports sector. Privatization efforts are part of a larger push to raise operational efficiency, enhance governance, and attract private sector partnerships across Saudi sports, creating a modern sports industry aligned with the Kingdom's strategic goals. Also read: Saudi Arabia: AlUla Moments 2025–26 Calendar: Full Guide For UAE Travellers To Festivals, Art And Sport
Saudi Gazette
5 days ago
- Business
- Saudi Gazette
Saudi Arabia privatizes three football clubs
Saudi Gazette report RIYADH — The Ministry of Sports announced Thursday the privatization of the three football clubs— Al-Ansar, Al-Kholood, and Al-Zulfi — under the Kingdom's broader sports investment and privatization initiative. Ownership of the clubs has officially been transferred to private investors following the completion of regulatory procedures and company formation by the National Center for Privatization. Al-Zulfi FC will now be owned by Najm Al-Salam Company, Al-Kholood by Harburg Group, and Al-Ansar by Awda Al-Baladi & Sons Company. This follows the August 2024 announcement of six clubs slated for privatization: Al-Ansar, Al-Okhdood, Al-Kholood, Al-Zulfi, Al-Orouba, and Al-Nahda. The three remaining clubs — Al-Nahda, Al-Okhdood, and Al-Orouba — are still under evaluation. Al-Nahda has completed its bid submission period, while the other two did not meet the qualification requirements. Minister of Sports Prince Abdulaziz bin Turki Al-Faisal hailed the milestone, saying: 'With the leadership's support, we are witnessing a historic moment in Saudi sports. This step reflects the visionary leadership of Crown Prince Mohammed bin Salman.' He also congratulated the clubs and welcomed the private sector as a key partner in driving forward the Kingdom's sports development. The ministry emphasized that future privatizations will proceed based on club readiness, investor interest, and competitive tendering. It has opened the door for further expressions of interest via its official website, aiming to continue building a competitive, professional sports sector. Privatization efforts are part of a larger push to raise operational efficiency, enhance governance, and attract private sector partnerships across Saudi sports, creating a modern sports industry aligned with the Kingdom's strategic goals.
Arab News
05-05-2025
- Sport
- Arab News
Minister of Sport receives 2025 AFC Elite Champions League winners Al-Ahli
JEDDAH: Minister of Sport Prince Abdulaziz bin Turki Al-Faisal received the 2025 AFC Elite Champions League champions Al-Ahli at King Abdullah Sports City in Jeddah and congratulated them on their victory over Japan's Kawasaki. For the latest updates, follow us @ArabNewsSport The reception was also attended by Assistant Minister of Sport Abdulilah bin Saad Al-Dalak, President of the Saudi Arabian Football Federation Yasser Al-Misehal, and several ministry officials and leaders. Prince Abdulaziz expressed his pride and appreciation for the outstanding performances delivered by the Al-Ahli players over the course of the tournament. He also praised the players' commitment, competiveness and cohesiveness, which paved the way for ultimate victory.
Gulf Insider
29-04-2025
- Sport
- Gulf Insider
SR200,000 Reward For Each Player Of The Saudi Club Winning AFC Champions League Title
Minister of Sports Prince Abdulaziz bin Turki Al-Faisal has announced on Tuesday a financial reward amounting to SR200,000 for each player of the Saudi club that wins the AFC Champions League Elite Finals Jeddah 2025. In a statement on the official X account of the Ministry of Sports, the minister also ordered a reward of SR100,000 for each player of the Saudi clubs that qualify for the final match of the tournament. The AFC Champions League Elite Finals Jeddah 2025 has reached its thrilling penultimate stage, with four heavyweights—three from Saudi Arabia and one from Japan—battling for a coveted spot in the final. Four-time champions Al-Hilal will take on unbeaten Al-Ahli in the first semi-final on Tuesday. In the second semi-final, Al-Nassr, led by Cristiano Ronaldo, will face on Wednesday Japan's Kawasaki Frontale, the only non-Saudi team that entered semi-finals. The final match of the AFC Champions League will be held on May 3 at Al-Inmaa Stadium in Jeddah between the winners of the semi-final matches.
Saudi Gazette
29-04-2025
- Sport
- Saudi Gazette
SR200,000 reward for each player of the Saudi club winning AFC Champions League title
Saudi Gazette report JEDDAH — Minister of Sports Prince Abdulaziz bin Turki Al-Faisal has announced on Tuesday a financial reward amounting to SR200,000 for each player of the Saudi club that wins the AFC Champions League Elite Finals Jeddah 2025. In a statement on the official X account of the Ministry of Sports, the minister also ordered a reward of SR100,000 for each player of the Saudi clubs that qualify for the final match of the tournament. The AFC Champions League Elite Finals Jeddah 2025 has reached its thrilling penultimate stage, with four heavyweights—three from Saudi Arabia and one from Japan—battling for a coveted spot in the final. Four-time champions Al-Hilal will take on unbeaten Al-Ahli in the first semi-final on Tuesday. In the second semi-final, Al-Nassr, led by Cristiano Ronaldo, will face on Wednesday Japan's Kawasaki Frontale, the only non-Saudi team that entered semi-finals. The final match of the AFC Champions League will be held on May 3 at Al-Inmaa Stadium in Jeddah between the winners of the semi-final matches.
