Al Ahly’s board of directors elected club president Majed al-Nafia, his deputy Mohammed al-Dini and board member Raed bin Zoma, who formed the backbone of the club’s investment company, which was revealed last Wednesday.
Al-Nafai will be the president of the company on the condition that Al-Dini and Bin Zoma will be members of its board of directors, with the appointment of an executive director on the condition that he is not a member of the club’s board of directors.
She added: “The first steps of the new company will be marketing the club’s brand, entering the labor market and investing in increasing the club’s revenue streams.”
Last Wednesday, the administration of Al-Ahly announced the completion of all legal procedures with the ministries of sports and investment in Saudi Arabia in order to create an investment company for the club.
