Saudi Arabia's Ambitious Soccer Club Privatization: A Game-Changer for Vision 2030

Saudi Arabia revealed on Thursday plans to privatize three major soccer clubs through a public offering, the sports ministry stated.

The clubs, Al-Ansar, Al-Kholood, and Al-Zulfi, are now under the ownership of different investment firms, though financial specifics were not disclosed.

This strategic shift is aligned with Vision 2030, aiming to enhance economic diversity by developing the sports industry.

(With inputs from agencies.)