2023-06-05 19:58:30
Sources revealed to Al-Riyadiah that the Ministry of Sports is in the process of opening the door for candidacy for the position of president and a member seat for each of the clubs: Al-Ittihad, Al-Nasr, Al-Hilal and Al-Ahly clubs, next Sunday, and for a period of 3 days only, ending at the end of next Tuesday.
And Prince Abdulaziz bin Turki Al-Faisal, Minister of Sports and Chairman of the Saudi Olympic and Paralympic Committee, had announced, on Monday, at the Saudi clubs privatization conference, that the boards of directors of Al-Hilal and Al-Nasr Al-Ittihad and Al-Ahly clubs companies will consist of seven members, five of whom are appointed by the Public Investment Fund, in addition to two other members from the non-governmental organization. The profitability that includes the current members of the general assembly, provided that the club’s board chairman is one of them.
The same sources indicated that each of the four current presidents has the right to run once more according to the regulations announced by the ministry, provided that the current executive heads of the four clubs manage the clubs’ business until the end of the elections and the formation of new councils.
And the sources indicated that the two candidates from each club, “the president and the member”, will join 5 others appointed by the investment fund, to be the board of directors consisting of a president and 6 members, provided that the council appoints an executive president who will be responsible for managing the club financially, contractually and legally.
Al-Riyadiah sources also indicated that Prince Al-Waleed bin Talal has the majority of votes in the General Assembly, the “non-profit institution”, which will vote to choose the new president of Al-Hilal, while Prince Khalid bin Fahd has the majority of votes in the General Assembly, “the non-profit institution”, which will vote to choose a president. New Victory.
And the Ministry of Sports had issued a statute of 24 articles for the institution of the members of the four clubs as sports institutions of a private and non-profit nature, and stipulates that under this system an institution with a legal personality that enjoys financial and administrative independence is established and the duration of the institution is unlimited and remains in existence and maintains its personality as long as it is able to achieve its objectives.
Article 6 of the regulations stipulates that the institution shall have a board of directors, and the term of membership in the board shall be (one year); It shall be reconstituted or the membership renewed therefollowing in accordance with the provisions of the Law and the organizing regulations.
The Foundation aims to achieve many goals, most notably the nomination of members to the Board of Directors of the company in accordance with the provisions of this bylaw of the company and motivate the public to join the Foundation and benefit from the advantages of membership and cooperation with the company to achieve integration and permanent institutional coordination between them in addition to participation and express opinion and advice on any of the issues.
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