Saudi Arabia Launches Privatization of Sports Clubs

In a significant move towards sports sector reform, Saudi Arabia's government announced on Thursday the privatization of three major sports clubs, as revealed by the sports ministry.

The clubs Al-Ansar, Al-Khulood, and Al-Zulfi are now under the ownership of investment entities, transitioning them from public to private control, the ministry stated.

This initiative aligns with the broader goal of strengthening the private sector's role in the country's economic diversification strategy.

(With inputs from agencies.)