Okaz reported that Al-Ittihad's takeover remains under evaluation and could drag on until 2027, depending on how assessors judge the financial strength and administrative capabilities of the investors who have applied.
Negotiations and file review
Okaz reported that negotiations with the relevant parties are still ongoing, while the study of the submitted files has advanced considerably and entered the stage of reviewing financial and administrative details and conducting the final evaluation.
Investor checks
Okaz reported that the checks cover the funding and financial commitments of each investor and assess whether they can meet the demands of owning and running the club in the near and medium term.
Ownership framework
Okaz reported that the approved regulatory framework requires a local partner within any ownership structure. Local investors can apply to own the club individually, taking up to 70% of its shares, provided they meet the required financial strength and administrative competence.
70% of Al-Hilal's shares passed to Kingdom Holding Company, owned by Prince Al-Waleed bin Talal.
