sports business
Saudi Arabia transfers stakes to PIF in four top football clubs
The sovereign wealth fund is receiving 25% holdings in Al-Ittihad, Al-Ahli, Al-Hilal and Al-Nassr that are currently held by nonprofit foundations
Abdullah Ahmed/Getty Images
The Saudi King's Cup match between Al Diriyah and Al Nassr
Add The Circuit on GoogleSaudi Arabia is reshuffling ownership in four of its biggest soccer clubs, transferring additional stakes to its sovereign wealth fund as the kingdom seeks to attract private investment.
The Public Investment Fund is receiving 25% holdings in Al-Ittihad,...
