Converting Al-Nasr Saudi Club into an investment company
The Saudi Ministry of Sports agreed to establish a fully-fledged investment company for Al-Nasr Club, under the name of Al-Nasr Investment Company.
Al-Nasr stated, through his official account on the "Twitter" site for social communication, that the Ministry of Sports agreed to the request submitted by the club to establish an investment company wholly owned by the club, and the Minister of Commerce issued a decision approving the license to establish the company under the name (Al-Nasr Club Investment Company).
Al-Nasr added in his statement that the company will be an important transformation and a move to new horizons in the world of investment, indicating that the full ownership of the company will be for the club.
The statement explained: "Al-Nasr Club is considered an official company that is subject to the companies' regulations and laws, and it can easily operate commercially in various sectors. And enter into a number of investments, which will make it an important source of income for the club."
Hashem Sorour, a former Al-Nasr player and president of the Al-Nassr Players Association, described this decision as a historic investment.
Al-Nasr is ranked seventh in the Saudi League standings, with 29 points.
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