Sale of Al-Ittihad ownership delayed as investor review extends to 2027

Saudi newspaper Okaz reports that the process of selling Al-Ittihad's ownership remains under financial and administrative review, with completion possibly extending to the end of 2027.

• Okaz reported on Friday that the acquisition file for Al-Ittihad remains in the evaluation and review stage while negotiations with the relevant parties continue.
• The review covers investors' financing, financial obligations and administrative capacity, and includes both local and foreign applicants.
• Foreign investment requires a local partner within the ownership structure, while a local investor may apply alone for up to 70 percent of the club's shares.
• Okaz reported that 70 percent of Al-Hilal's shares were transferred to Prince Alwaleed bin Talal's Kingdom Holding in April, making it the first of the four major clubs to leave PIF ownership.